“Apple has $246 billion in cash sitting around, and investors have lots of ideas about how the company should spend it,” Emily Bary writes for Barron’s. “Most of them, for now, seem unlikely.”

“A Baird survey of U.S. consumers found that 22% would most like Apple to develop a car within the next five years,” Bary writes. “This was the top response, followed by a preference for an Apple streaming service that’s like Netflix.”

“Netflix, Tesla, and Disney [acquisitions] are discussed from time to time, but Baird analyst William Power says these are unlikely,” Bary writes. “Unfortunately for Apple dreamers, the company will probably opt to invest money in less flashy areas, like its ‘Services’ business. Another investor-friendly use for the cash that Apple may choose: buying back more stock. Power notes that 94% of Apple’s cash is overseas, so a policy that makes it cheaper for companies to bring that money stateside ‘could result in a large increase in share buybacks.'”

Read more in the full article here.

MacDailyNews Take: Yes, look for increased buybacks (and maybe a bit better dividends), post-tax reform/repatriation.

President Trump promises big league corporate tax cuts coming in 2-3 weeks – February 9, 2017
Apple raises $10 billion in debt ahead of President Trump’s repatriation tax plans – February 3, 2017
After Apple’s blowout earnings, the Street looks toward ‘iPhone X’ and President Trump’s tax reforms – February 3, 2017
President-elect Trump’s corporate tax reform expected to have some positive impact on Apple EPS – January 14, 2017
Exploring Apple’s tax situation under U.S. President Donald Trump – November 21, 2016
Morgan Stanley: Apple stands to benefit the most from President Trump’s corporate tax plans – November 11, 2016
Apple and U.S. President-elect Trump: Can a tax cut for overseas cash heal wounds? – November 10, 2016
Donald Trump plan calls for cuts in corporate taxes, personal income tax rates – August 9, 2016
Barring a tax holiday, Apple will need to raise over $50 billion in debt the next 2 years – July 15, 2016
Cramer: Apple’s Tim Cook is ‘patriotic’ on taxes – December 21, 2015
Apple CEO Tim Cook is absolutely right – and wrong – on U.S. corporate tax policy – December 20, 2015
Apple CEO calls corporate tax rap ‘total political crap’ – December 18, 2015
Apple avoids $59.2 billion U.S. tax bill – October 7, 2015
U.S. companies now have $2.1 trillion overseas to avoid corporate taxes – March 4, 2015