Apple will be hosting a special conference call Monday morning to discuss its plans for the company’s huge cash balance. The conference call will include Apple CEO Tim Cook and CFO Peter Oppenheimer, and as of Sunday evening the company isn’t offering any hints as to what may be in store.
Apple finally has plans for its big cash pile
Mr. Oppenheimer said during the company’s first fiscal quarter earnings report in January that Apple already had nearly US$98 billion in the bank, and when asked how that cash might be spent he replied, “We’re not letting it burn a hole in our pockets.”
Financial analysts have been speculating for some time that Apple might issue a dividend to investors, although so far there haven’t been any hints as to what the company has planned.
Apple’s cash balance conference call will start at 6AM pacific time on Monday, March 19. Be sure to check in with The Mac Observer for our announcement coverage.