Proceeds from Apple’s sales of marketable securities drop by 52% since 2015 — Apple World Today
[ad_1]
However, according to BuyShares, revenue generated from maturities of marketable securities has grown by 382% over the six years. In 2015, the figure stood at $14.5 billion, while this year, the figure is at $69.9 billion.
The research highlighted Apple’s strategy while investing in marketable securities. According to the BuyShares research report: “The tech giant usually keeps most of its assets overseas to avoid paying US taxes on the money. In this case, Apple usually prefers to borrow money to engage in its share buyback program. Over the recent years, Apple has been channeling most of its cash into boosting its businesses rather than putting it into investment products like securities.”
BuyShares also overviewed the global assets of Apple from 2004 to 2020. The assets were at an all-time high in 2017 at $375.32 billion. By 2020, the assets have dropped by 13.7% to $323.89 billion. 2004 registered the lowest value in Apple assets at $8.04 billion.
[ad_2]
Source link