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Analyst: Apple likely to bring back $200 billion of its $252 billion foreign cash trove

In a note to clients — as noted by 9to5Mac — the GBH research firm says Apple is is likely to take advantage of the tax break on repatriated overseas cash to bring back around $200 billion of its $252 billion foreign cash hoard. Here’s part of their prediction:

With Apple & Cook set to repatriate roughly $200 billion of cash based on our estimates we believe accelerated buybacks, another dividend hike, and potentially larger M&A will be the trifecta of benefits shareholders could expect to see in 2018.

The burning question on the Street’s mind is does Cook make a big bet with this infusion of cash and do a larger deal (e.g. Netflix) to catalyze and jump start its streaming video/content business.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.