I wasn’t using actual umbers but making a point about price being a function of demand. The point being is that Apple isn’t dropping prices if it gets a tax break.
The quality of an argument can make or break that argument.
Never underestimate any company, especially when it comes pricing. Apple is currently updating its bottom end iPhone SE. to be released when the tax cut is finalized. Simultaneously, it will be upgrading its low end iMac at a lower price.
Apple's hedge fund, showing on its books valued at its original $10 bil investment, is now worth $117 bil, above Apple's cash hoard, responsible for managing Apple's assets (meaning its cash is actually in investment grade securities) Braeburn Capital, the world's largest hedge fund, and its sole client is Apple, just filed for a Federal Banking license, in anticipation of managing the funds earned overseas when they are brought to the US at the lower tax rate from the new law. That would make Apple Inc. owner of one of the largest federally licensed banks in the nation, if not the largest. The potential effects upon the nation's economic structures is mind boggling. Wall Street analysts can't see the forest for the trees, however banking analysts are shaking in their boots.
Few recall, Warren Buffet advised Steve Jobs, he would not invest in tech, but he would invest in a tech company that converted itself into a bank. Jobs always said Apple's stocks would take care of itself, in time. I'm saying this tax "reform" has just played into Jobs' hands. Those concerned about the wealth disparity in this nation, now have a new worry.
Frank and Jesse James were correct when assessing the banks control this country.
Obtaining a Federal Banking license requires $250k cash reserves, an address, and no felony convictions by named principals and empowered managers.
The president of Blackberry said, "They (Apple) know nothing of phones." Jaime Dimon recently said "They (Apple) know nothing of banking." Warren Buffet's Berkshire Hathaway is an investment banking company. He may have place personal monies in the William and Melinda Gates Foundation," but he hasn't purchased Microsoft equities.
While other tech companies are playing catchup with Applepay, none realize Applepay is a trojan horse play into the banking industry.
Teacher's Annuity, the single largest pension fund and wealthiest in the nation, invest in commercial real property (long term high end mortgages). It holds seven equities. Apple Inc is its largest position. The others are investment banks it uses to front its commercial real estate investments and manage those investments.
Now, who is this "tax reform" really aiding and abetting? Three of the companies with the largest amount of funds overseas are General Foods, GE, and JP Morgan Chase.
