https://www.barrons.com/news/apple-...eu-tax-ruling-a610552c?refsec=topics_afp-news
"Apple Announces $10 Bn Hit From EU Tax Ruling
Apple "expects to record a one-time income tax charge ... of up to approximately $10 billion," in its fiscal fourth quarter following Tuesday's ruling by the EU's European Court of Justice, the company said."
Not looking so good for US tech giants ATM. Luckily all these mega-cap tech stocks are very fairly valued. Imagine what might happen if say Apple was trading at a P/E of over 30? Or Nvidia was trading at a P/E over 40? Insane right? I am just glad all these tech companies are realistically priced.
Would hate to see the markets crash because we are really in a giant bubble right?:
https://www.barrons.com/news/apple-announces-10-bn-hit-from-eu-ta...
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Last
8,285.2 |
Change
61.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,224.0 | 8,285.2 | 8,224.0 |
| XJO (ASX) Chart |