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标题: [数码手机] 【zt】苹果手握658亿美元现金无营收也能再运营7年 [打印本页]

作者: ooo 时间: 2011-4-28 16:22 标题: 【zt】苹果手握658亿美元现金无营收也能再运营7年

来源：http://www.cnbeta.com/articles/141260.htm

据国外媒体报道，苹果手握658亿美元的巨额现金，而这些现金足以支撑苹果在没有营收来源的情况下正常运营到2018年。苹果表示，今年计划的资本支出为57亿美元，比上年增长131%。通常一家公司的资本支出在营收中所占比例不会超过3%。巴克莱资本分析师本·雷特兹（Ben Reitzes）认为，如果将57亿美元当作3%，那么100%将高达1900亿美元。雷特兹此前预计苹果今年营收将达到1023亿美元，同比增长57%，但据此分析，这一预期过于保守。

苹果持有658亿美元的现金。尽管这并不像苹果的新产品那样引人关注，但这却是苹果最大的优势之一。
以下是一些关键的分析：

——即便苹果的营收完全停止，目前的现金也足以支持苹果的运营持续到2018年中期；
－－苹果的现金相当于谷歌公司市值的一半；
－－苹果手中的现金价值超过诺基亚、RIM和摩托罗拉移动市值的总和；
－－苹果单季度的现金增长超过了很多公司的市值增长，相当于摩托罗拉移动的单季度市值增长，其中还要把90万美元的预付费计算在内；
－－苹果手中的现金足以使公司首席财务官跻身全球100大基金经理之列，并且超过任何一位对冲基金经理。
。。。。
文/腾讯科技

补充，水果的现金貌似还能买两个sony~
这战斗力100啊，教主V5

作者: nintenyun 时间: 2011-4-28 16:24

把索尼收了吧

作者: rockfag 时间: 2011-4-28 16:38

绝壁不能收购索尼啊，我记得雷老板曾放话如果傻逼苹果敢收购索尼，绝壁偷渡米国暗杀教主~~~

作者: tonyunreal 时间: 2011-4-28 16:51

喷了，没营收就变互联网公司了

[ 本帖最后由 tonyunreal 于 2011-4-28 16:52 编辑 ]

作者: freaky 时间: 2011-4-28 17:10

一年收入600亿美元的公司笑而不语

作者: lvcha 时间: 2011-4-28 17:20

敢分我点不？

作者: unicornck 时间: 2011-4-28 17:23

引用:

原帖由 rockfag 于 2011-4-28 16:38 发表
绝壁不能收购索尼啊，我记得雷老板曾放话如果傻逼苹果敢收购索尼，绝壁偷渡米国暗杀教主~~~

作者: henryzyl 时间: 2011-4-28 17:30

作者: 蒋介石 时间: 2011-4-28 17:36

posted by wap, platform: Chrome

好有钱啊。

作者: Kuzuryuusen 时间: 2011-4-28 17:39

posted by wap, platform: Firefox

我记得前几天cnbeta一个报导说世界第一现金储备科技公司是中国移动

作者: 为何不分手 时间: 2011-4-28 17:52

有钱吗？中石油笑而不语

作者: xiuzylc 时间: 2011-4-28 18:27

posted by wap, platform: iPhone

引用:

原帖由 @rockfag 于 2011-4-28 16:38 发表
绝壁不能收购索尼啊，我记得雷老板曾放话如果傻逼苹果敢收购索尼，绝壁偷渡米国暗杀教主~~~

雷总真的这么说么？这样的话，苹果必须收购索尼啊！

作者: handsomeken 时间: 2011-4-28 18:28

posted by wap, platform: Opera

拿这么多现金在手里等贬值么……

作者: 痞子飞 时间: 2011-4-28 18:31

没错，全球IT公司现金储备第一是中移动……

作者: dfg1101 时间: 2011-4-28 18:31

posted by wap, platform: UC

牛逼

作者: leyoung 时间: 2011-4-28 19:59

posted by wap, platform: UC

微软有多少现金？

作者: 第七个男孩 时间: 2011-4-28 20:15

没有贷款吗

作者: justchou 时间: 2011-4-28 20:15

到中国来买房吧，10年后能买100个sony。

作者: survivorcn 时间: 2011-4-28 21:23

中国移动也算科技公司？

作者: survivorcn 时间: 2011-4-28 21:25

引用:

原帖由 leyoung 于 2011-4-28 19:59 发表
posted by wap, platform: UC

微软有多少现金？

比苹果少，排在苹果后面的是思科？（不确定）再后面就是微软了吧

作者: 土旦克 时间: 2011-4-28 21:40

posted by wap

真有钱的公司

作者: cc0128 时间: 2011-4-28 21:49

喷了。教主泪流，被中移动秒杀

作者: 见风 时间: 2011-4-29 08:21

posted by wap, platform: iOS

穿越到10年前说有人信么？

作者: flusky 时间: 2011-4-29 08:43

posted by wap, platform: UC

引用:

原帖由 @Kuzuryuusen 于 2011-4-28 17:39 发表
posted by wap, platform: Firefox

我记得前几天cnbeta一个报导说世界第一现金储备科技公司是中国移动

中国移动就一垄断运营商。。。

作者: 提拉 时间: 2011-4-29 09:02

不懂，这种大公司手里现金太多了是好还是坏？

作者: leyoung 时间: 2011-4-29 10:37

引用:

原帖由提拉于 2011-4-29 09:02 发表
不懂，这种大公司手里现金太多了是好还是坏？

我记得微软以前现金最多的时候，大家都说不好
现在嘛。。。

作者: hzl 时间: 2011-4-29 15:29

posted by wap, platform: UC

苹果是印钞机么

作者: heven2004 时间: 2011-4-29 15:44

posted by wap, platform: SAMSUNG (I9000)

3000块的产品卖5000，还有一大堆人抢着加钱买，口里无怨无悔的喊着要对自己好一点，能不有钱么？

作者: fatehe 时间: 2011-5-8 20:19

作者: beterhans 时间: 2011-5-8 21:05

中国企业笑而不语....
你苹果还要想尽方法做设计做软件讨好客户而我们只要让客户恨我们就能赚钱还比你多...

作者: Eclipses 时间: 2011-5-9 08:18

posted by wap, platform: SAMSUNG (T959)

中石化:我们想赚多少就有多少

作者: Viviwill 时间: 2011-5-9 08:28

But it will be hard to avoid the issue when Apple reports earnings Tuesday. Microsoft Corp. faced the same issue before eventually relenting to shareholders with its own $32 billion dividend in 2004.

"Optimal capital allocation doesn't matter until it does," says Ken Broad, a fellow portfolio manager at Delaware Investments. He points out that the stock-based compensation culture of Silicon Valley has perverted the balance sheets of companies like Cisco Systems Inc. and Apple.

Employee shares, carrying an expected return on equity of, say, 11%, are being issued en masse while cash continues to accumulate, returning less than 0.75% per year. It's like taking a credit-card cash advance and putting it in a passbook savings account.

"Who would ever do this in their personal lives?" asks Mr. Broad.

By virtually any measure, Apple's numbers speak for themselves. Bernstein Research analyst Toni Sacconaghi, who has been hammering on the issue since last summer, calculates that Apple could pay out a 4% dividend, buy back $20 billion in shares and still add $10 billion to its cash pile this year.

Even a $15 billion acquisition of Netflix Inc., to name just one example, could be easily financed, leaving room for a massive buyback or dividend, he says.

"I think it has been beyond the point of being rational for a while now," says Mr. Sacconaghi.

If anything, Mr. Jobs's surprise leave of absence only heightens tensions over Apple's cash approach. Apple stock fell immediately in markets outside the U.S. after word of Mr. Jobs's medical leave hit Monday. That's partly because the company is still, incredibly, viewed as a growth stock, making it more volatile on the upside and downside.

Adding a dividend and buybacks might put the stock in the hands of value investors, who would help stabilize the ownership base and diminish some of that volatility, Mr. Sacconaghi says. He recently counted how many of the 10 biggest value-investing funds own the stock. The number: zero.

Apple spokesman Steve Dowling declined to comment, referring me to previous statements on company conference calls.

Perhaps the best statement on the topic comes from Benjamin Graham, the doyen of value-stock investing and inspiration to billionaire Warren Buffett.

Public shareholders have the power to "enforce appropriate standards of capital efficiency in their own interest," Mr. Graham wrote in 1949. "To bring this about they will need more knowledge and gumption than they now exhibit."

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