Apple is the only U.S. technology company to announce plans for both repatriation and how it plans to spend the cash currently held overseas. The Wall Street Journal reports that Microsoft, Alphabet and Amazon they have plans as usual.
“The five largest US technology companies hold a combined $500 billion in cash abroad. During their earnings announcements, three companies – Microsoft, Alphabet and Amazon – have not changed their spending plans, even though they will have access to more cash thanks to tax reform,” writes The Wall Street Journal.
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"If we had an opportunity to invest, we didn't wait for tax reform," said Amy Hood, CFO Microsoftu, during a call with analysts.
"There is no change in our approach to capital allocation," added Ruth Porat, chief financial officer at Alphabet. And the CFO Amazonby Brian Olsavsky, said that the company already spends a lot of money on its employeesance.
Apple It doesn't usually disclose its future plans, but it has announced that it plans to spend most of its money on share buybacks. Tim Cook He also recently stated that the Cupertino company plans to support the American economy with $350 billion over the next five years.
Source: 9TO5Mac
