Apple to make big announcement tomorrow regarding cash balance

By , Mar 18, 2012

During Apple’s quarterly earnings call earlier this year, it was discovered that the company’s pile of cash was approaching the $100 billion dollar mark. And everyone wants to know what it plans to do with it.

Well it looks like we won’t have to wait much longer to find out. As noted by MacStories, Apple has just sent out a press release announcing that it will be holding a conference call early tomorrow morning regarding its massive cash balance…

“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.”

There are a wide range of theories floating around of what Apple is planning to do with the money. We’ve heard everything from investor dividends (giving cash back to investors), to a large company acquisition. I guess we’ll find out tomorrow.

The conference call is scheduled to begin at 9:00 am EDT in the morning. The company will be streaming the call live on its website, and you can bet we’ll be listening in for anything of interest.

What do you think Apple is going to announce?

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  • http://twitter.com/christodouluke Luke Christodoulou

    I’d like to think the money would go towards making the technology they use amazing-er and making more amazing technology available to customers but I suppose they already have what they need to do that.

  • Anonymous

    It’s sad to see this article as big news. People are excited to see how a major corporation spends its money and unfortunately, so am I. We’re no worse than the average 40 year old woman excited over what Angelina Jolie bought with her money. Our world is so materialistic :(.

  • http://twitter.com/YoureiPhone You’re iPhone

    Free iPads for Every one! haha

  • http://twitter.com/scottilmnc Poppa Carter

    I think the announcement will be that Apple has purchased the United States from China. Everybody will be forced to get an Apple tramp stamp tattoo on the small of their back to prove who their owner is.

    • Anonymous

      If Apple used every nickel they owned to buy out the United States, they could probably afford 6 or 7 states at the very max.

      • http://twitter.com/scottilmnc Poppa Carter

        Ummm….it was a joke

      • Anonymous

        Ummm… This is serious freaking business.

  • Jorge Monzon Diaz

    The end of google! The greatest purchase apple will makers buying google, then utilize, even maybe destroy android or modify it for iOS to run on it then make millions of more money eventually making 1 trillion dollars by the end of 2012!

  • http://twitter.com/DetectApple Detect Apple

    Maybe they should use it to make there products cheaper

  • http://www.facebook.com/profile.php?id=1332728607 Omar D. Plumey

    I doubt they’ll do anything charitable with the money, but maybe they can bring more technology to third world countries.

  • Anonymous

    they should donate some of it to a good cause.

  • http://www.facebook.com/profile.php?id=100000041129068 John Angelo Moraitis

    The’re gonna buy the U.S. Goverment Out. Plane and simple

  • http://pulse.yahoo.com/_ELG6SYABZCKJPJ6VXFWVB6K4M4 Tomi

    Buy the Moon!!

  • http://www.facebook.com/BruinsFan Adam Bull

    They are buying Foxconn or Samsung lol

  • http://www.facebook.com/j.h.k.lee.hk Leeyoumhar Navarroza Asedillo

    I wish they use that money for charity…

  • http://www.facebook.com/jacer.lee Jacer Lee

    man… how much food can they supply to the needy children and family around the world with that money