jimble4599

Daniel you're one of the best writers in tech these days. It's like a breath of fresh air -a journalist who actually writes like a journalist and editors that don't pander or clickbait with a headline. Keep up the good work.

lkrupp said:

Meanwhile it’s starting to look like Alphabet will be the first trillion dollar company, not Apple. AAPL is shrinking like a liImp male appendage in cold weather. All because two suppliers are supposedly reducing output. Ain’t capitalism wonderful? 

Ignore stocks. AAPL and GOOG are stocks you keep, not stocks you short. Google is not going to be the first trillion dollar company. If that ever happens we'll know we're back in a tech bubble because there's no basis for it. The profit and revenue simply isn't there. What's happening right now is just the cycle. It happens every two years since Apple got its mojo back. Apple stock peaks and troughs and so does Google's because investors don't understand the companies they're investing in. So what generally happens is that you'll get periods like October 2014 when the news on Apple is simply too good for the press to do the "doom and gloom" business on so the stock begins, rightly to soar, then you fast forward a year later and even though the company beat its forecasted numbers, the press goes into overdrive that it wasn't another giant leap quarter. This filters down to the investors and the stock begins to drop. It's a symptom of being the most talked about companies in the world. The same goes for Google. Right now it's soaring based, weirdly, on Apple's perceived weakness. There's no basis for this. The gave published good numbers, sure, but it doesn't explain the massive spike. The only thing that does is edginess with AAPL. So Google's soaring despite all the data because investors are nervous about Apple's upcoming quarterly results. They'll release them, they'll hit Apple's own forecasts and the stock will reach its trough, then gradually start climbing again on anticipation for the iPhone 7. 

I'm not pulling this out of my ass btw, look at the 10 year graph on Yahoo of Apple stock. It's heavily, heavily influenced by the rumour mill and Google simply rides the same wave. 

This was the first purpose built department store in the world. Selfridges in London was based on it. So it really is an iconic place in Dublin. Meeting "under the Clerys clock" is a common phrase. Can't think of a better tenant than Apple for it.

sidrictheviking said:

Could it be? Is it finally happening? Have all my Christmasses come along together? Etc, etc, etc

However, the cynic in me says, "I'll believe it when I'm standing in the queue, ten minutes before opening, waiting for my new t-shirt". 

Bring it on, Apple.

ireland said:

jimble4599 said:

This was the first purpose built department store in the world. Selfridges in London was based on it. So it really is an iconic place in Dublin. Meeting "under the Clerys clock" is a common phrase. Can't think of a better tenant than Apple for it.

True, Apple would be the perfect tenant for it. 'Meet at the Spire' has replaced meet under Cleary's clock.

That's true. I agree with you about the H&M building btw. College Green is the new "it" place to shop in Dublin what with Abercrombie and Fitch, American Apparel and the new plaza being built. However, imagine what this could do for O'Connell Street? Apple could revitalise an area that really needs it and cause more high profile tenants to follow. And I'm sure they're aware of the importance of O'Connell Street and the GPO in the Irish psyche so they may be playing on that. If it's happening I'd say we'll hear about it at WWDC. They may want some exposure on it to reaffirm their commitment to working in Ireland what with the upcoming EU Commission case.

SpamSandwich said:

Get that bloody overseas profits repatriation bill passed in Washington and bring those profits...and the business...back to the US.

God you people are insufferable. Those aren't American jobs. They're jobs servicing Apple's position in Europe, The Middle East and Africa. The location was deliberately chosen because of its time zone location, the fact that the area is English speaking and the multilingual population also present. Those jobs aren't going anywhere near America. Stop listening to sound bites and start trying to actually understand the news. 

Although I do agree with you that your country needs to sort out its tax system because I'm sick to death of hearing pissbabies calling a country with a sensible corporate tax system a "tax haven" every five minutes just because yours can't seem to muster up the collective political will to follow suit. Ireland and The Netherlands can and should continue to take advantage of America's ineptitude for their own gain. 

Daniel you're one of the best writers in tech these days. It's like a breath of fresh air -a journalist who actually writes like a journalist and editors that don't pander or clickbait with a headline. Keep up the good work.

nolamacguy said:

Prof_Peabody said:

Stop the presses!  "Famous Rich Guy Thinks Taxes are Bad!"  

youre reading it wrong. Cook didnt say taxes are bad, and said he's happy for Apple to be the largest tax payer in the US. please cite your claim.

what Cook doesnt want is for Apple to give the feds 40% of the profit from goods they built and sold overseas. i dont see that being different than my US friends who work overseas and dont want to or dont pay US income tax.

He's dead right too. The US government has no valid claim on that money. It wasn't earned in the US. The Irish Government's policy is correct. So long as you pay your taxes on what you've actually earned in Ireland by selling to Irish consumers that's the only tax you'll pay as well as your standard corporation tax. What the US government wants Apple to do is to pay VAT and income tax in every country it operates in (which it currently does) and then pay the US government another 40% on that already taxed profit. It's madness. And fringe politicos are taking advantage of the public's lack of understanding of the tax system to politicise it. Even the EU commission is doing it. It's all just dirty politics. What is completely different to what Apple and Google are doing is the type of stuff Starbucks has been known to do which is to actively avoid tax on domestic income. That's different. But not wanting to repatriate your profits because you'll have to give 40% of it away is completely reasonable. It's what any of us would do too, despite the moral high ground certain Bernie Bots might claim.