|Bid||178.37 x 300|
|Ask||178.38 x 100|
|Day's range||175.07 - 179.08|
|52-week range||119.37 - 179.39|
|PE ratio (TTM)||19.44|
|Forward dividend & yield||2.52 (1.42%)|
|1y target est||N/A|
Jan.17 -- Apple said it expects to pay about $38 billion in taxes for repatriated overseas cash as a consequence of the new U.S. tax law. Bloomberg's Mark Gurman reports on "Bloomberg Markets: Balance of Power."
Apple is the latest company to announce an increase in investment in the U.S. following last year's new tax bill.
Between the spending plan, tax payments and business with U.S. based suppliers, Apple on Wednesday estimated it would spend $350 billion in the U.S. over the next five years. Apple, however, did not say how much of its $252.3 billion in cash abroad, the largest of any U.S. corporation, it would bring to the United States, after the U.S. tax changes cut costs on bringing funds back from overseas.
Apple said it plans to pay $38 billion in repatriation taxes on profits and cash held overseas, and said it would create a new U.S. campus and create 20,000 jobs.
The company plans to repatriate funds in accordance with the new tax bill and open a new campus somewhere in the U.S.
Apple Inc. shares were up 0.6% Wednesday after the company said it planned to contribute $350 billion to the U.S. economy over the next five years, through new jobs, a new campus, and investments in data ...
After five years of rapid growth, technology companies are expected to issue less debt in 2018 as they start to bring some of the cash parked overseas back to the U.S.
Apple just finished $5 billion of renovations on its headquarters in Cupertino, California, but is now planning to open another office.
Using the new 15.5 percent repatriation tax rate, it appears Apple is bringing back $245 billion from overseas.
Apple Inc. said it expects to pay about $38 billion in taxes for repatriated overseas cash as a consequence of the new U.S. law.
Apple Inc. shares are little changed in midday trading Wednesday despite an upbeat note from Morgan Stanley analysts about the company's prospects in China. Adoption of the iPhone X is outpacing adoption ...