This week, Apple published a financial report for the next quarter. Among other things, the corporation reported a record amount of cash reserves, amounting to $ 256.8 billion. Experts argue that a Californian giant could buy if he decided to spend this money.
By early 2017, Apple's reserve had accumulated an incredible amount of cash - more than $ 250 billion. This is more than any other company in the world. At the same time, according to the tradition, the Cupertino traders are not in a hurry to leave even with insignificant parts of this stock. For this, Apple is regularly criticized by many shareholders offering companies to buy out their own securities more actively or at least to increase dividends on them.
Reserve Apple continues to be a reserve. Formally, the vast majority of it is in the hands of one of the legal units of Apple in the area of ??Knockahini, near the small Irish town of Cork. The reason for this geographical choice of Tim Cook's company is simple - in Ireland, Apple pays taxes in the amount of just under 1% of its profits. It is worth it to transfer cash in the US, as the authorities will have to give 35%.
Such a scheme is a fairly common phenomenon for large corporations. As well as the fact that the management of funds placed abroad is actually carried out from the USA. On page 114 of one of the annual reports of the IT giant, you can find a reference to a firm called Braeburn Capital, registered in Nevada. It is Braeburn Capital - a corporate investment company - and manages the billion-dollar reserves earned by Apple. Among the financiers Braeburn is known as "the largest hedge fund that you have never heard of".
If Apple in one form or another decided to spend its savings, without the help of this "small" fund it would be indispensable. Here are just a few suggestions where Braeburn Capital and Apple could invest $ 250 billion:.
Buy 395 million iPhone.
Distribute $ 35 to each inhabitant of the planet.
This money covers 15 years of UK payments to the European Union.
They can buy six companies: Tesla, Snapchat, Twitter, Netflix, Uber and Spotify.
With this money, you can build 12 tramp walls (American President Donald Trump wants to build a wall on the border between Mexico and the United States).
Buy any company that is part of the index FTSE 100 (including the oil giant Royal Dutch Shell).
Buy each of the 115,000 employees of the company on a luxury yacht.