Apple to Reveal Plan for Record $100 Billion Cash Pile on Monday
Apple’s $100 Billion Cash Reserve: What Will Tim Cook and Peter Oppenheimer Reveal Tomorrow?
The world is eagerly awaiting the outcome of Apple’s discussions concerning its cash balance, which currently stands at just under $100 billion. Tomorrow, Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call to announce the outcome of these discussions.
A Very Focused but Potentially Huge Bit of News from Apple
According to a release from the company, "Apple will not be providing an update on the current quarter nor will any topics be discussed other than cash." This implies that whatever decision is made regarding the use of this massive cash reserve will be significant and far-reaching.
Expect a Maelstrom of Suggestions Between Now and Tomorrow Morning
Between now and tomorrow morning, expect a barrage of suggestions from the gallery about what Apple should do with its accumulated wealth. Some may suggest something philanthropic, while others might propose a new product or an acquisition. A fund for others to build something else? The purchase of a small country? The start of a new one? A dividend (the last one Apple paid was in 1995)? To be honest, there’s enough cash there to do all of the above and then some.
The Conference Call: Details
The conference call will take place at 6am Pacific/9am Eastern time. As with its earnings calls, Apple will also make the call accessible via a webcast. The details of the call are as follows:
- WHAT: 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.
- WHERE: Via conference call. The dial-in number for press is (877) 616-0063 (toll-free) or (719) 219-0041. Please enter confirmation code 592016.
- WHEN: Monday, March 19, 2012 at 6:00 a.m. PDT/9:00 a.m. EDT
- REBROADCAST: The conference call will be available as a continuous rebroadcast beginning Monday, March 19 at 9:00 a.m. PDT/12:00 p.m. EDT through Monday, April 2 at 9:00 a.m. PDT/12:00 p.m. EDT. The dial-in number for the rebroadcast is (888) 203-1112 (toll-free) or (719) 457-0820. Please enter confirmation code 6274937.
- WEBCAST: Apple will provide live audio streaming of its conference call using Apple’s industry-leading QuickTime multimedia software. The live webcast will begin at 6:00 a.m. PDT on March 19, 2012 at www.apple.com/quicktime/qtv.
What Could This Decision Mean for Apple and the Industry?
The decision regarding Apple’s $100 billion cash reserve is significant not just for the company but also for the industry as a whole. If Apple decides to distribute its wealth through dividends or share buybacks, it could have far-reaching implications for investors and shareholders. On the other hand, if the company chooses to invest in new products or services, it could lead to innovative breakthroughs that change the game.
Stay Tuned for Tomorrow’s Conference Call
Tomorrow’s conference call will be a closely watched event, with many expecting significant news regarding Apple’s cash reserve. Whether you’re an investor, a shareholder, or simply interested in technology and innovation, stay tuned for the latest updates on this developing story.
Related Articles: