Apple posts the biggest quarterly profit in history

Mynight said:
That's because an equivalent spec laptop is low end one :D.
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Indeed, depends if you differentiate tech spec from chassis quality I suppose.

To go from a slightly different angle, look at high end android phones, same quality chassis, better OS, and cheaper contracts.
 
Kronos said:
The biggest profit ever recorded and the lowest tax paid ever recorded perhaps?
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Most tax dodged ever, probably.

But they have do pay dividends or have a share buyback at some point. Unless US tax policy changes to accomodate, that'll be a lot of tax due.

The question is can they find a loophole or make a deal with the IRS.
 
muon said:
Most tax dodged ever, probably.

But they have do pay dividends or have a share buyback at some point. Unless US tax policy changes to accomodate, that'll be a lot of tax due.

The question is can they find a loophole or make a deal with the IRS.
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There are options to use the cash without risking the U.S. tax.
 
muon said:
And they will pay single digit corporation tax in Ireland and Singapore.

They will avoid repatriating all that money into the US as they would have to make up the difference to ~30% corporation tax that exists in the US.

I wonder if the share price assumes they won't actually have to pay the normal rate.

Google does the same of course.
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Kronos said:
The biggest profit ever recorded and the lowest tax paid ever recorded perhaps?
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muon said:
Most tax dodged ever, probably.

But they have do pay dividends or have a share buyback at some point. Unless US tax policy changes to accomodate, that'll be a lot of tax due.

The question is can they find a loophole or make a deal with the IRS.
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For the latest quarter they have reported income tax payable of $6.4bn on profits before tax of $24.4bn, so an effective rate of 26%.

http://www.apple.com/pr/library/2015/01/27Apple-Reports-Record-First-Quarter-Results.html

Seems pretty reasonable to me?
 
Mynight said:
Zzzzzzz fandroid :p.

Don't people get bored of AMD vs nvidia, AMD vs Intel, android vs ios, windows vs OS X?
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Don't have a droid phone, i actually had the original iphone and the 4 before getting totally bored with the stale os. And whoever at apple though that glass on the back of the 4 was a good idea was obviously a genius, form over function as usual :p
 
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Gerard said:
Don't have a droid phone, i actually had the original iphone and the 4 before getting totally bored with the stale os. And whoever at apple though that glass on the back of the 4 was a good idea was obviously a genius, form over function as usual :p
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Lmao yeah it was pretty but damn it was a pain in the backside. I bulk ordered 5 replacements from ebay :D.
 
One of the weirdest things on the internet is fanboys crowing about how much profit margin their chosen company makes on the products they sell. It's like getting punched in the face and high-fiving the assailant for managing to break your nose instead of just bruising it.
 
muon said:
Turns out the loophole has been partially closed Jan 2015 onwards.

http://en.m.wikipedia.org/wiki/Double_Irish_arrangement

Good for Ireland. Presumably Apple have made their subsidiary a resident company in Ireland and so liable for 12.5% corporation tax there.
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Apple's effective tax income rate has been between 24% and 26% since 2010 per their financial reports here.

The tax avoidance schemes you refer to are less relevant to a company like Apple whose primary income is from hardware sales. Its harder to a traditional business buying and selling products to divert profits compared to say, internet based companies who can exploit the outdated double tax treaties and permanent establishment rules.
 
weringo said:
Apple's effective tax income rate has been between 24% and 26% since 2010 per their financial reports here.

The tax avoidance schemes you refer to are less relevant to a company like Apple whose primary income is from hardware sales. Its harder to a traditional business buying and selling products to divert profits compared to say, internet based companies who can exploit the outdated double tax treaties and permanent establishment rules.
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Wrong, so very wrong.
 
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