Apple has come under increasing pressure from shareholders to do something with its cash, with nearly $147 billion Wall Street juggernauts are getting frustrated with the iMaker that they are not generating sufficient value for share holders.
Apple countered this argument by saying they would return $50 billion to shareholders, and a total of $100 billion through 2015. But as of now, Apple is rethinking this
…there’s simply no commitment coming from Apple. And why should they commit, for what reason? The cash has certainly resulted in a somewhat buoying effect while profits declined and sales growth slowed…
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And now Apple has apparently inked a deal with China Mobile, to start selling the iPhone by the end of the year. And the affect on Apple stock price has been enormous. A China Mobile deal will certainly boost Apple profits and rejigger the cash machine
One of the biggest headaches Apple faces with all that cash, is repatriating it back to the US. They face huge taxes, which would be a real shame… One option is to make more acquisitions, but there are few companies that Apple could buy that would budge the cash needle…
What about Bitcoin?
Apple could accept all its China mobile payments in Bitcoin…and to further complicate the whole repatriation problem, they could invest a good portion of that $150 billion into Bitcoin…
Think of the possibilities…
Would this solve their woes with the US government? What if other big companies started doing the same thing…pouring their overseas cash into Bitcoin
Admittedly I haven’t been a big proponent of Bitcoin because of stability issues the fact that it is not backed by something with intrinsic value, but what carries more intrinsic value than Apple?
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So, what do you think?
