A slew of successful, high margin products have left Apple sitting on an almost unimaginable amount of money -- $97 billion as of its
last earnings report -- and led to the natural question of just what to do with it. According to a press release just issued, we'll all find out about "the outcome of the Company's discussions" tomorrow on a conference call with CEO Tim Cook and CFO Peter Oppenheimer at 9AM ET. What does $100 billion or so of iMac, Macbook, iPhone and iPad money buy? Speculation has already included dividends for investors, a spending spree of acquisitions or even a dip into philanthropy. We'd have blown the entire bundle on the largest indoor laser tag facility ever built long ago, so this time we'll leave the question to the experts -- what do you think the folks in Cupertino will (or should) announce?
March 19, 2012 08:00 AM ESTContinue reading Apple to announce plans for its $100 billion cash reserves tomorrow morning
Apple to announce plans for its $100 billion cash reserves tomorrow morning originally appeared on Engadget on Sun, 18 Mar 2012 18:41:00 EDT. Please see our terms for use of feeds.
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CommentsSource: http://www.engadget.com/2012/03/18/apple-cash-reserves-conference-call/
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