Apple was previously unable to bring its foreign earnings back to the USA due to federal tax law, but President Trump's newly passed corporate tax cut offers companies a one-time allowance for companies to repatriate cash stored overseas without a major tax hit, Business Insider reports.
The analysts said Apple has far too much cash at close to $250 billion and it grows annually by about $50 billion.
Merchant and Suva said to the clients that Apple has "too much cash - almost $250 billion - growing at $50 billion a year". The new tax law also lets companies repatriate their profits to the US for a low, one-time tax. "With over 90% of its cash sitting overseas, a one-time 10% repatriation tax would give Apple $220 billion for M&A or buybacks". There's a 40 percent chance it could happen according to Citi analysts Jim Suva and Asiya Merchant.
Apple instructs Stores to offer $29 battery regardless of diagnostic test
Apple fixed the issue by spreading out those tasks over several processor cycles, effectively slowing down the phone. There are also smaller, local battery replacement shops nearly everywhere, but we can't vouch for their quality.
The undisputed king of streaming video-on-demand, Netflix is likely an attractive fruit for any company with deep enough pockets.
Citi reckons that Apple could repatriate about $220 billion in cash it has sitting around outside the U.S.in 2018, and that the company would only need spend about a third of that cash to gobble up Netflix. If the transaction is successful, this would make the iPhone maker the undisputed dominant force in the streaming business; a huge jump from its current position. Netflix invests heavily on original series and has crafted some of the most popular and talked-about television series we know of.
But that kind of effort is a drop in the bucket compared to the major players, leaving Apple way behind Netflix, Amazon, and even HBO, according to Variety.
These smartphones can be expected in 2018
According to Samsung's community forums page , phones that run down to 0% battery are unlikely to reboot, even once plugged in. Reports assert that Apple dumped the TouchID sensor in the iPhone X after they neglected to implant it underneath the show.
Apple tried to get serious about streaming back in August of 2017, setting aside a reported $1 billion to develop new original content and buy up existing programs. The company is also working on its first scripted series with Jennifer Aniston and Reese Witherspoon. Its iTunes, though a massive hit initially but soon the likes of Netflix, Hulu, and Amazon have gained more viewers.
Could Apple be eyeing a monumental buyout of Netflix? Apple wants to change that and is already working on creating more original shows. Nollen believes Netflix can save money by spending less on licensed content.
Powerball, Mega Millions jackpots almost $800 million combined; Ohio Lottery results
The last time anyone won was on October 13, when Mega Millions winners in MI and Rhode Island shared the $42 million drawing. Mississippi's Legislature is conducting a study to decide whether to legalize a lottery in the state.