March 18, 2012 10:41 pm EDT

Apple to announce plans for its $100 billion cash reserves tomorrow morning

A slew of successful, high margin products have left Apple sitting on an almost unimaginable amount of money -- $97 billion as of its last earnings report -- leaving the natural question of what to do with it. According to a press release just issued, we'll all find out about "the outcome of the Company's discussions" tomorrow on a conference call at 9AM ET. So what does $100 billion or so buy? Speculation includes dividends for investors, a spending spree of acquisitions, or even a wild bout of philanthropy. We'd have blown the entire bundle on the largest indoor laser tag facility ever built long ago so this time we'll leave the question up to you -- drop a note in the comments about what you think the folks in Cupertino will (or should) announce?

Apple to announce plans for its $100 billion cash reserves tomorrow morning originally appeared on Engadget on Sun, 18 Mar 2012 18:41:00 EDT. Please see our terms for use of feeds.

Permalink | Apple ||Comments

Original Link: http://www.engadget.com/2012/03/18/apple-cash-reserves-conference-call/

View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget