Several hundred patient Apple customers wait in line at the Apple store on Lincoln Road in on Sept. 16, 2016 Miami Beach for the release of the new iPhone 7, which went on sale nationwide on Friday. Those in the front line were there since 7:00 PM Thursday the night before. (C.M. Guerrero/Miami Herald/TNS)
Critics of Apple used to point to its US$250bil (RM977.62bil)-plus mountain of cash, much of it held overseas, and its relatively puny research and development budget and say, "Get spending!"
The era of parsimony is over. After the GOP tax cut, Apple said it will be repatriating hundreds of billions of dollars, paying up to US$38bil (RM148.62bil) in taxes on it, over the coming years.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
