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Apple Quote by Steve Mnuchin

“If you look at Apple... They are sitting on hundreds of billions of dollars in cash, and they go out and borrow money against their overseas bank accounts. This makes no sense.” quote by Steve Mnuchin
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“If you look at Apple... They are sitting on hundreds of billions of dollars in cash, and they go out and borrow money against their overseas bank accounts. This makes no sense.”

Steve Mnuchin

About This Quote

Source Interview: CNBC Financial Outlook, Steve Mnuchin, 2022

Apple holds massive cash reserves yet borrows against foreign accounts, which appears financially irrational.

In simple terms: Apple borrows despite huge cash.

Key Takeaway

Question corporate cash strategies.

Themes

finance corporate strategy cash management

Mood

analytical skeptical

Type

business financial

When to use this quote

  • investment analysis
  • corporate finance
  • tax planning

Key Concepts

economic efficiency tax policy

Questions to Reflect On

  • Why would a cash‑rich company seek debt?
  • What tax benefits could justify this?
A Different Perspective

Borrowing may be driven by tax optimization, not cash shortage.

4.4 out of 5 (9 ratings)

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