Sunday, March 18, 2012

Apple to announce plans for its $100 billion cash reserves tomorrow morning

Apple to announce plans for its $100 billion cash reserves tomorrow morning

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.

Engadget, Apple to announce plans for its $100 billion cash reserves tomorrow morning

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