Saturday, August 1, 2015

Forbes - "Apple has less cash than people believe"

Bravo to Forbes and Chuck Jones for putting the Apple cash situation into a more realistic light.  Nearly every media outlet proved their ignorance after earnings by touting "Apple now has $200 billion in cash!" 

Talk about one side of the story...

Jones does an excellent job of explaining that the LOCATION of that cash matters (think taxes) and that rising debt levels mean net cash is little changed.

http://www.forbes.com/sites/chuckjones/2015/07/31/apple-has-less-cash-than-people-believe/

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