Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Apple’

Apple should shrink its finance arm before it goes bananas

Posted by hkarner - 30. Oktober 2017

Date: 26-10-2017
Source: The Economist: Schumpeter

The world’s biggest firm has a financial arm half the size of Goldman Sachs

IT IS fashionable to say that tech firms will conquer the financial services industry. Yet in the case of Apple, it seems that the opposite is happening and finance is taking over tech by stealth. Since the death of Steve Jobs, its co-founder, in 2011, the world’s biggest firm by market value has sold hundreds of millions of phones with bionic chips and know-it-all digital assistants. But it has also grown a financial operation that is already, on some measures, roughly half the size of Goldman Sachs.

Apple does not organise its financial activities into one subsidiary, but Schumpeter has lumped them together. The result—call it “Apple Capital”—has $262bn of assets, $108bn of debt, and has traded $1.6trn of securities since 2011. It appears to be run fairly cautiously and is part of a thriving firm, but it still deserves scrutiny. Companies have a history of being hurt by their financial arms; think General Electric (GE) or General Motors (GM). Den Rest des Beitrags lesen »


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Amazon Takes Over the World

Posted by hkarner - 24. September 2017

Date: 23-09-2017
Source: The Wall Street Journal

Forget about the other tech giants: Amazon is poised to beat them all. What are the consequences for the rest of us?

Four tech giants—Amazon, Apple, Facebook and Google—have added $2 trillion to their combined market capitalization since the 2007-09 recession, a sum that approaches the GDP of India. The concentrated wealth and power of these companies has alarmed many observers, who see their growth as a threat not just to consumers and other businesses but to American society itself.

After spending most of the past decade researching these companies, I’ve come to the conclusion that our fears are misplaced in focusing on what I call the Four. We should instead be worrying about the One: one firm that will come to dominate search, hardware and cloud computing, that will control a vast network of far-flung businesses, that can ravage entire sectors of the economy simply by announcing its interest in them.

That firm is Amazon. Jeff Bezos has been disciplined and single-minded in his vision of investing in the most enduring consumer wants—price, convenience and selection. Coupled with deft execution, it has made Amazon the most impressive and feared firm in business. Den Rest des Beitrags lesen »

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Can the Tech Giants Be Stopped?

Posted by hkarner - 17. Juli 2017

Date: 15-07-2017
Source: The Wall Street Journal

Google, Facebook, Amazon and other tech behemoths are transforming the U.S. economy and labor market, with scant public debate or scrutiny. Changing course won’t be easy.

Sometimes it is hard to grasp how quickly the giant tech companies have come to dominate the world economy. Ten years ago, only one of them, Microsoft , was among the biggest companies in the world as measured by market capitalization. These days, the top five usually consists of Apple , Alphabet (the parent company of Google), Amazon , Microsoft and Facebook .

It has been an astonishingly rapid rise for the tech giants, and it’s far from over. The big question for the future is: How will their ever-expanding control affect other businesses and the labor market? Den Rest des Beitrags lesen »

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In 10 Years, Your iPhone Won’t Be a Phone Anymore

Posted by hkarner - 27. Juni 2017

Date: 26-06-2017
Source: The Wall Street Journal

Siri will be the conductor of a suite of devices, all tracking your interactions and anticipating your next moves

It’s 2027, and you’re walking down the street, confident you’ll arrive at your destination even though you don’t know where it is. You may not even remember why your device is telling you to go there.

There’s a voice in your ear giving you turn-by-turn directions and, in between, prepping you for this meeting. Oh, right, you’re supposed to be interviewing a dog whisperer for your pet-psychiatry business. You arrive at the coffee shop, look around quizzically, and a woman you don’t recognize approaches. A display only you can see highlights her face and prints her name next to it in crisp block lettering, Terminator-style. Afterward, you’ll get an automatically generated transcript of everything the two of you said. Den Rest des Beitrags lesen »

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Disturbing New Facts About American Capitalism

Posted by hkarner - 5. März 2017

Date: 04-03-2017
Source: The Wall Street Journal By JASON ZWEIG

When winners are taking all, it’s often time to buy the winners

“Let your winners run” is one of the oldest adages in investing. One of the newest ideas is that the winners may be running away with everything.

Modern capitalism is built on the idea that as companies get big, they become fat and happy, opening themselves up to lean and hungry competitors who can underprice and overtake them. That cycle of creative destruction may be changing in ways that help explain the seemingly unstoppable rise of the stock market.

New research by economists Gustavo Grullon of Rice University, Yelena Larkin of York University and Roni Michaely of Cornell University argues that U.S. companies are moving toward a winner-take-all system in which giants get stronger, not weaker, as they grow. Den Rest des Beitrags lesen »

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Starinvestor Buffett baut Beteiligung an Apple weiter massiv aus

Posted by hkarner - 27. Februar 2017

27. Februar 2017, 13:52 derstandard.at

Seine Beteiligungsgesellschaft besitzt nun Apple-Aktien im Wert von rund 17 Milliarden Dollar

New York – Der Starinvestor Warren Buffett hat seine Beteiligung an Apple deutlich aufgestockt. Es seien Anfang 2017 rund 120 Millionen Aktien des iPhone-Herstellers erworben worden, sagte Buffett am Montag dem TV-Sender CNBC. Seine Beteiligungsgesellschaft Berkshire Hathaway besitzt nun 133 Millionen Apple-Aktien im Wert von rund 17 Milliarden Dollar. Den Rest des Beitrags lesen »

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Why 2016 Was a Watershed Year for Tech

Posted by hkarner - 20. Dezember 2016

Date: 19-12-2016

Source: The Wall Street Journal


Companies sparred with governments globally as they faced criticism, unprecedented scrutiny

As 2016 nears an end, five of the seven most valuable companies in the world—including the three most valuable—are technology companies.

Beyond their worth in the eyes of investors, Apple Inc., Google parent Alphabet Inc., Microsoft Corp., Amazon.com Inc., and Facebook Inc. also are powerful forces in everyday lives. Tech can seem inescapable.

That helps explain why 2016 also was a difficult year for many of these companies. Collectively, they faced sharp criticism and unprecedented levels of scrutiny while clashing with governments around the world—including the future U.S. president.

It’s no coincidence, for example, that digital-ad spending in the U.S. has been projected to eclipse spending on TV ads in 2016, while Facebook battled concerns about its influence over politics and its role in spreading fake and distorted news. Those developments are two sides of the same coin—Facebook’s power. Den Rest des Beitrags lesen »

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Apple und Irland klagen gegen EU wegen Milliarden-Steuern

Posted by hkarner - 19. Dezember 2016

Deutsche Wirtschafts Nachrichten  | 

Irland soll nach dem Willen der EU-Kommission über 13 Milliarden Euro von Apple bekommen – will das Geld aber gar nicht. Das Land und der iPhone-Konzern ziehen nun gegen die Steuernachforderung vor Gericht. Die Brüsseler Wettbewerbshüter beharren auf ihrer Position.

AppleApple klagt gegen die EU.

Die dpa berichtet:

Apple und Irland wehren sich wie angekündigt vor Gericht gegen die aus Brüssel geforderte Steuernachzahlung von mehr als 13 Milliarden Euro. Die EU-Kommission habe die relevanten Fakten missverstanden und mische sich in die nationale Souveränität in Steuerfragen ein, erklärte das irische Finanzministerium am Montag. Das Land habe dem iPhone-Konzern keinerlei Vorzugsbehandlung gewährt. Die Brüsseler Behörde gibt sich dennoch zuversichtlich.

Die EU-Kommission hatte Ende August nach jahrelanger Prüfung entschieden, dass die Steuer-Vereinbarungen von Apple in Irland aus ihrer Sicht eine illegale staatliche Beihilfe darstellen. Deswegen sollen rund 13 Milliarden Euro plus Zinsen nachgezahlt werden.

Apple-Finanzchef Luca Maestri warf EU-Wettbewerbskommissarin Margrethe Vestager vor, eine politische Agenda zu verfolgen. «Was die Kommission hier macht, ist eine Schande für europäische Bürger, sie sollte sich schämen», sagte er der Tageszeitung «Die Welt». Den Rest des Beitrags lesen »

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Tomorrow’s Business Leaders Learn How to Work with A.I.

Posted by hkarner - 2. Dezember 2016

Date: 01-12-2016
Source: The Wall Street Journal

Harvard, MIT, Insead say future executives will need to understand how to harness data-crunching technology

Professor Brian Uzzi teaches his Strategy of Leadership to a class of executive M.B.A. students at Northwestern University in Evanston, Ill., on Wednesday. Prof. Uzzi helped develop three courses for M.B.A. candidates that familiarize students with Artificial Intelligence and how it can be applied to business practices.

Artificial intelligence is now on the syllabus at top-tier business schools.

Harvard Business School, Massachusetts Institute of Technology’s Sloan School of Management, France’s Insead and a handful of other programs recently have added M.B.A. courses on managing the applications and algorithms that help businesses make more informed decisions. Den Rest des Beitrags lesen »

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Posted by hkarner - 1. September 2016

Date: 31-08-2016Dodds CC

Not even the world’s biggest company is above the law, writes U.K. MEP Anneliese Dodds.

Ireland and Apple to Appeal Tax Ruling

Apple likes to do things on a huge scale. In 2014, it produced the best-selling smartphone in the world. At the end of the following year, it recorded the largest quarterly profit in history.  It is currently the biggest company in the world.

Now it has broken records again—but for all the wrong reasons. The EU’s competition commissioner, Margrethe Vestager, has announced that Apple has to repay a staggering €13 billion ($14.5 billion) in unpaid taxes to the government of Ireland, in the biggest state aid fine in history.

It makes the multimillion euro fines handed out previously to Italian carmaker Fiat, Belgian brewer AB InBev, German chemical giant BASF and fellow U.S. multinational Starbucks look like small fry in comparison. You could almost hear the gasps in the room as Commissioner Vestager made her announcement.

What has happened is indeed shocking. For 25 years, the Irish government offered a sweetheart deal to Apple that led, unbelievably, to the global technology giant paying just 0.005 percent on its European profits in 2014. Even compared to Ireland’s laughably low corporate tax rate of 12.5 percent, that is an outrageous figure. Den Rest des Beitrags lesen »

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