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Apple is holding a conference call bright and early Monday morning to announce plans for its large cash balance. The company is sitting on around $98 billion in cash, and investors are getting increasingly antsy and clamoring for a dividend or share buyout.<\/p>\n
Tim Cook and Apple\u2019s chief financial officer Peter Oppenheimer will be hosting the call, which will take place at 9am Eastern time. They will discuss the cash balance only, nothing else. In addition to the call-in number, a live audio stream of the call will be available on all computers or mobile devices running QuickTime 6 or later.<\/p>\n
At the Goldman Sachs Technology and Internet Conference in February, Apple CEO Tim Cook addressed the very expensive elephant in the room, saying \u201cI only ask for a bit of patience so we can do this in a deliberate way and do it in a way that\u2019s best for shareholders.\u201d<\/p>\n
\u201cWe\u2019re judicious, we\u2019re deliberate, we spend our money like it\u2019s our last penny \u2026 We\u2019re not going to go have a toga party or do something outlandish,\u201d he said at the time.<\/p>\n
When a company is sitting on a huge pile of cash, as Apple is, it is expected to shell out a dividend to investors, issue a stock buyback, or spend the money on things that will make it even more money. Cook said that, so far, the company has spent billions of dollars on its supply chain, intellectual property, acquisitions, retail, and the Apple infrastructure.<\/p>\n
Apple\u2019s share price hit $600 for the first time on March 15 and has since fallen back a bit to $585 a share.<\/p>\n
What do you think Apple will do with the cash? What do you think Apple should do with it?<\/p>\n
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Source: V.B<\/p>\n","protected":false},"excerpt":{"rendered":"
Apple is holding a conference call bright and early Monday morning to announce plans for its large cash balance. The company is sitting on around $98 billion in cash, and investors are getting increasingly antsy and clamoring for a dividend or share buyout. Tim Cook and Apple\u2019s chief financial officer Peter Oppenheimer will be hosting […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[59],"yoast_head":"\n