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
158 months ago
Buy Dell, shut it down and give the money back to the shareholders.
Score: 123 Votes (Like | Disagree)
mrfoof82 Avatar
158 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
158 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
158 months ago
buy google and destroy android just like steve wanted to do:p
Score: 50 Votes (Like | Disagree)
Lynn Belvedere Avatar
158 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
158 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)

Popular Stories

maxresdefault

Apple Announces 'Let Loose' Event on May 7 Amid Rumors of New iPads

Tuesday April 23, 2024 7:11 am PDT by
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
Apple Vision Pro Dual Loop Band Orange Feature 2

Apple Cuts Vision Pro Shipments as Demand Falls 'Sharply Beyond Expectations'

Tuesday April 23, 2024 9:44 am PDT by
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
Apple Silicon AI Optimized Feature Siri

Apple Releases Open Source AI Models That Run On-Device

Wednesday April 24, 2024 3:39 pm PDT by
Apple today released several open source large language models (LLMs) that are designed to run on-device rather than through cloud servers. Called OpenELM (Open-source Efficient Language Models), the LLMs are available on the Hugging Face Hub, a community for sharing AI code. As outlined in a white paper [PDF], there are eight total OpenELM models, four of which were pre-trained using the...
iPad And Calculator App Feature

Apple Finally Plans to Release a Calculator App for iPad Later This Year

Tuesday April 23, 2024 9:08 am PDT by
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. AppleInsider...
iOS 17 All New Features Thumb

iOS 17.5 Will Add These New Features to Your iPhone

Sunday April 21, 2024 3:00 am PDT by
The upcoming iOS 17.5 update for the iPhone includes only a few new user-facing features, but hidden code changes reveal some additional possibilities. Below, we have recapped everything new in the iOS 17.5 and iPadOS 17.5 beta so far. Web Distribution Starting with the second beta of iOS 17.5, eligible developers are able to distribute their iOS apps to iPhone users located in the EU...