Apple is only going through a correction. Yes, it had some hiccups, but nothing that can abruptly cripple the company. Rest assured Christmas will still be huge for AAPL.
Quote:
Originally Posted by
lacrossewacker 
apple could fold 5 times......still wouldn't really matter. but yes this is in a good direction. American country or not.....it stores most of its money over seas and most of the employees are chinese.....
Apple is only 1 of
several large US companies that store money overseas, simply because the tax rate to bring that money back to US is egregious.
Most of the companies are willing to bring the money into the US if the government would agree to cut that tax rate in half. This would benefit both the US economy
and the corporations. Unfortunately, the government refuses, and so the money will continue to rest overseas paying less than 2% foreign tax.
Edited by SkillzKillz - 11/8/12 at 9:51pm
