Techmeme

Results 1 - 10 of about 150:

Tripp Mickle / Wall Street Journal:
Apple's cash reserve has topped $250B, which is greater than Walmart or P&G's market value, and exceeds the foreign-currency reserves of UK and Canada combined   —  Tech giant's unequaled stash draws calls for buybacks, acquisitions as corporate tax shift looms
May 1, 2017, 9:00 AMIn context
Neil Cybart / Above Avalon:
By pricing AirPods at $159 and Watch Series 1 at $269, below similar rival products, Apple is going after the entire wearables market, not just the premium part   —  As Apple pushes deeper into luxury brand territory, the company is making its products more accessible through lower pricing.
Mar 20, 2017, 3:01 AMIn context
Mike Wuerthele / AppleInsider:
Apple files 14-point appeal against European Commission's $14B tax edict, says the company's European HQ in Cork, Ireland was set up in accordance with the law   —  Apple has filed its appeal with the European court of appeals, all declaring that the European Commission's decision to levy $14 billion …
Feb 21, 2017, 3:40 AMIn context
BBC:
Apple to raise prices of apps and in-app purchases by ~25% in 3 regions, making the lowest app prices 99p in UK, 80 rupees in India, and 3.49 lira in Turkey   —  UK costs will numerically match those of the US, meaning that a program that costs $0.99 will now be 99p.
Jan 17, 2017, 6:50 AMIn context
David Barboza / New York Times:
How China built “iPhone City”, the world's largest iPhone factory, in Zhengzhou by giving Foxconn billions in perks, tax breaks, and subsidies   —  A hidden bounty of benefits for Foxconn's plant in Zhengzhou, the world's biggest iPhone factory, is central to the production of Apple's most profitable product.
Dec 29, 2016, 11:00 AMIn context
Cliff Taylor / The Irish Times:
Ireland publishes formal objections to EU's order to collect back taxes from Apple, says EC has exceeded its powers, misunderstood Irish tax law, more   —  EU Commission expected to give full judgment on €13bn case today  —  The Government has moved to pre-empt the expected publication …
Dec 18, 2016, 10:40 PMIn context
Foo Yun Chee / Reuters:
Apple says it will appeal EU's $14B tax claim this week, arguing that EU disregarded corporate law and Ireland's tax experts to maximize penalty   —  Apple (AAPL.O) will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts …
Dec 18, 2016, 7:38 PMIn context
Bloomberg:
Inside the 3-year EU investigation into Apple's tax practices in Ireland, which resulted in a $14B tax bill for Apple   —  The iPhone came out in 2007.  So why was Apple still paying taxes like it was 1990?  —  by  —  Gaspard Sebag  —  , and  —  “The Maxforce” is the European Union team …
Dec 18, 2016, 6:55 PMIn context
Andrea Wong / Bloomberg:
Sources: Apple parks much of its foreign earnings tax-free in US via US bond purchases; filings show Treasury Dept. paid Apple $600M+ in interest over 5 years   —  Over the years, Apple Inc. has become the poster child for U.S. multinationals accused of sheltering overseas profits to avoid the IRS.
Dec 7, 2016, 4:10 PMIn context
Financial Times:
Donald Trump's proposal to reduce the tax rate on overseas income to 10% could let Apple, Google, Microsoft, and IBM repatriate hundreds of billions   —  Proposal to slash tax on repatriated profits should encourage overseas rethink  —  More than $1.2tn of US corporate earnings kept overseas …
Nov 9, 2016, 12:20 PMIn context

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