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SS WSB ordered Friday, arriving tomorrow (Monday)
- Thread starter rhodesy22
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Good. I'm a CPA, CA
what you're saying doesn't make any sense. Why would you multiply Apple's corporate gross revenue (not even net income!) with someone's personal tax rate..
If what you're talking about is that Apple would do this for the benefit of the IRS - I'm saying that's bollocks...as evidenced by the fact that they're so opposed to the idea of repatriation of overseas profits.
Anyway, we digress. I'm saying it makes zero sense for Apple to prioritize its home country first in any product distribution. Whatever 'home country' means. There is a principle called the 'low hanging fruit' principle that i learned in econ101. The ones that haven't got their watches by now, are those who didnt order at 3am EST.
Apple would be wise to first serve those that are willing to put down their cash cold in the first minute after 3:00am, regardless of where they are, if they want to maximize sales, as opposed to waiting until there is saturation in one country before moving to the next.
Taxes run deeper than corporate income or individual ... I guess I think more about these other avenues because I focus in State & Local and not solely Federal.
Apple's gross revenues are primarily derived from the sale of a tangible good, being their products sold through retail outlets. If they sell a Macbook Pro for $2,000, the consumer pays sales tax on that, being the rate of the local jurisdiction of the purchase (or residency of consumer).
If you took their gross retail revenues and multiplied them by the weighted effective sales tax rate in the United States, that's a LOT of money derived just from the sale of watches alone. Hell, I'm just one middle of the road Apple Watch customer and DC derived $40 of sales tax off of my order alone. Weren't there roughly 2M pre-orders? Even if we assume an average sales tax of $20, which is half of mine if all inventory had been allocated domestically, that's $40,000,000 in domestic tax revenue.
Not sure about you, but as an American, I'd rather see that invested into our country. Although not going directly into the coffers of the IRS, that average tax times however many domestic pre-orders were placed is great for the United States.
Sales tax is 12%? goes to the US of A.
Gross margin to Apple is closer to 35%
Gross margin after tax to Apple - 26%
I dont know about you, but what company in their right mind would give up 26c per dollar of potential sale profits, in order to give 12c per every dollar of sales to their state (not their own jeans).
Apple isn't a state run company.
I ordered mine (38 SSWSB) 4/19 and my card was preauthorized immediately but since then the charge dropped off and no change in status. Got the EOD Monday as well saying 3-4 weeks. I'm in Colorado.
Exchange rates are constantly fluctuating, but I would bet you that margins are better in the states than any other market.
My 42 SS WSB that i ordered on 25/05 is out for delivery today.
Rather bizarrely, the week number of it's birth is 14. This puts it at beginning of April. Currently we are in week number 18. Bizarre that a watch would have sat around for 4 weeks ... I thought they were making them and shipping them as fast as they could.
Rather bizarrely, the week number of it's birth is 14. This puts it at beginning of April. Currently we are in week number 18. Bizarre that a watch would have sat around for 4 weeks ... I thought they were making them and shipping them as fast as they could.
I have no idea how Apple is deciding which region gets what, but the date is June in the USA for a 42mm SS WSB.
It was for mine too until I was charged yesterday afternoon and dispatched 22:10 yesterday evening.
That is SO cool that you can look that up! Could you post a link please!
http://www.chipmunk.nl/klantenservice/applemodel.html/
Does anyone know is the 42mm SS watch with White Sport Band is shipping earlier than June? Especially within the US?
Yes I used apple pay and have seen no updates since. Very discouraging for a fast shipment
I ordered a SS WSB 38mm on the 28th around 10:45pm EST.
There is a pending transaction on my credit card of the full amount, but my order status still says 'processing.'
It may just be a pre-authorization and not a 'real' charge as the shipping window is June 1-12.
Fingers crossed though.
There is a pending transaction on my credit card of the full amount, but my order status still says 'processing.'
It may just be a pre-authorization and not a 'real' charge as the shipping window is June 1-12.
Fingers crossed though.