Apple has built up a serious cash reserve over the last couple of years, the company now has close to $100 billion in cash, and today we will find out what Apple intends to do with its pile of cash.
Apple’s CEO Tim Cook and their CFO Peter Oppenheimer will be holding a conference call later today where they will discuss Apple’s plans for their massive cash reserve.
Apple Conference Call
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. Apple® will not be providing an update on the current quarter nor will any topics be discussed other than cash.
The conference call will take place at 9am eastern time, and it will be interesting to see what Apple has planned for all that money.
Source Tech Crunch