Tag: Apple

Airlines and Boeing want a bailout but look how much theyve spent on stock buybacks

Tina Marie (Ms. Cat)

Airlines and Boeing want a bailout but look how much theyve spent on stock buybacks

Then again, Berkshire CEO Warren Buffett has shown during down markets that the extra cash can be put to work by scooping up other companies’ shares at low prices, or making special, lucrative preferred-stock deals, such as the one Berkshire did with Goldman Sachs GS-2.01%  during the 2008 financial crisis. Berkshire had $125 billion in cash and short-term investments in U.S. Treasury bills as of Dec. 31.

Nobody could have predicted the coronavirus outbreak, but it is having a tremendous effect on Apple AAPL+2.32% not only because most of its stores are closed, but because iPhones are assembled at Foxconn’s TW:2354+7.14%  factories in China. But Apple has also been criticized for holding too much cash. It had $39.7 billion in cash, plus $67.4 billion in “marketable securities” as of Dec. 28. The extra cash will serve the company well during a massive decline in sales.

Despite surge in iPad sales, Apple’s future still cloudy: analysts

Tina Marie (Ms. Cat)

Despite surge in iPad sales, Apple’s future still cloudy: analysts

Related: Apple to suffer 50% Q1 revenue loss in China market: expert

Foxconn taps respiratory expert Zhong Nanshan to advise on coronavirus as its iPhone factories ramp up production

Tina Marie (Ms. Cat)

Foxconn Technology Group, the world’s largest electronics contract manufacturer, said respiratory disease scientist Zhong Nanshan will act as its chief coronavirus prevention adviser to help the firm cope with the health crisis as it resumes production in China.“Zhong Nanshan and his team will provide
— Read on sg.news.yahoo.com/foxconn-taps-respiratory-expert-zhong-042853722.html

Apple to again skip US congressional hearing on Chinese influence in tech

Tina Marie (Ms. Cat)

Apple has for the second time declined to attend a U.S. congressional hearing that would have scrutinized its relationship with China as part of a larger investigation into tech privacy and security.
— Read on appleinsider.com/articles/20/02/24/apple-to-again-skip-us-congressional-hearing-on-chinese-influence-in-tech

Fixed it! 😉

Apple’s willingness to kowtow to Donald Trump is often viewed as antithetical to its well-groomed image as a bastion of human rights, data privacy and free speech. 

Bannon to Apple: Pay attention to Trump tweet on unlocking iPhones (video)

Tina Marie (Ms. Cat)

Trump’s former chief strategist says the president is going to “drop the hammer” on getting tech companies to work with authorities.
“If I were the guys at Apple I would pay attention to President Trump’s tweets,” Bannon said. “I would treat his tweets like a papal bull.”
Trump suggested in a tweet that Apple should unlock password-protected iPhones used by the shooter who killed three people at the Pensacola Naval Air Station in December.
— Read on www.cnbc.com/2020/01/15/bannon-to-apple-pay-attention-to-trump-tweet-on-unlocking-iphones.html