Apple Announcing Plans For $100b Cash Balance Tomorrow
Apple will be holding a press conference to announce its plans for the $100 billion of cash balance they've been sitting on for a while.
Back in January, the Cupertino based company released their earnings reports, disclosing its cash balance (which had everyone from industry analysts to tech blogs shocked) of $100,000,000,000. Since then a rather large question has surrounded this, just what are they going to do with it? A big dividend payout for investors? A whole load of new acquisitions? A huge bonus package for employees? Whatever's happening, we'll be finding out tomorrow at 2pm GMT (9am Eastern) as they "announce the outcome of [...] discussions concerning its cash balance."
Will stockholders in Apple be getting a friendly pat-on-the-back with a massive dividend payout? Or is there to be a monumental company acquisition? Watch this space (and the Apple site), as the conference call will be uploaded soon after its finished.