Apple to Host Conference Call Monday Concerning its Near $100 Billion Cash Balance

apple now has 97 billion in cash on hand lets put that in context
Image from BusinessInsider

Apple issued a media alert indicating that it would be holding a conference call on Monday, March 19th at 6 a.m. PDT/9 a.m. EDT. The conference call will "announce the outcome of the Company’s discussions concerning its cash balance."

Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call to announce the outcome of the Company’s discussions concerning its cash balance. Apple® will not be providing an update on the current quarter nor will any topics be discussed other than cash.

As of Q1 2012 results, Apple had $96.7 billion in cash and marketable securities, up $16 billion from the prior quarter.

Apple's growing stockpile of cash reserves has been the subject of much speculation. When questioned during the Q1 2012 results, Cook said that Apple was "actively discussing" uses of the cash balance and that they are "not letting it burn a hole in our pocket."

Top Rated Comments

3N16MA Avatar
118 months ago
Buy Dell, shut it down and give the money back to the shareholders.
Score: 123 Votes (Like | Disagree)
mrfoof82 Avatar
118 months ago
Scott Forstall has never been to Disney World, so first, Apple will send him there. Scott has been quoted as being very excited about Space Mountain.

Bob Mansfield will be installing a deck on the back of his house. He may also install a rain gauge.

Jony Ive intends on taking his kids out for breakfast every other Sunday for the rest of the year.

Peter Oppenheimer has been heard that he needs to "live a little" and will be stepping away from model railroading and plans on using some of the money to take up fly fishing.

Tim Cook plans on buying a new iPad.
Score: 91 Votes (Like | Disagree)
mikefla Avatar
118 months ago
I wish I had these problems, "What do I do with my 100 Billion Dollars?"

-Mike
Score: 57 Votes (Like | Disagree)
Munnichs Avatar
118 months ago
buy google and destroy android just like steve wanted to do:p
Score: 50 Votes (Like | Disagree)
Lynn Belvedere Avatar
118 months ago
Why not keep a stockpile of cash for massive investments in R&D, acquisitions, and/or marketing when things aren't going so well? Looking at the stock price, I would think the last thing apple needs is to issue dividends.
Score: 35 Votes (Like | Disagree)
ArztMac Avatar
118 months ago
My prediction, 90% sure: Apple Inc. will repurchase TONS of their outstanding stock at outlandish prices. This makes SO much more sense than a dividend.
Score: 27 Votes (Like | Disagree)

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