Apple to Announce Plan for Its Massive Cash Reserve

Posted March 18, 2012 at 10:39pm by iClarified | Please help us and submit a translation by clicking here | 11419 views

Apple has announced that it will hold a conference call tomorrow at 9:00 a.m. EDT to discuss plans for the company's $100 billion in cash reserves. The discussion will be led by CEO Tim Cook and CFO Peter Oppenheimer.

Apple will provide live audio streaming of the conference call starting at 9AM. The event will be strictly a discussion on "cash".


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.

WHERE: Via conference call. The dial-in number for press is (877) 616-0063 (toll-free) or (719) 219-0041. Please enter confirmation code 592016.

WHEN: Monday, March 19, 2012 at 6:00 a.m. PDT/9:00 a.m. EDT

REBROADCAST: The conference call will be available as a continuous rebroadcast beginning Monday, March 19 at 9:00 a.m. PDT/12:00 p.m. EDT through Monday, April 2 at 9:00 a.m. PDT/12:00 p.m. EDT. The dial-in number for the rebroadcast is (888) 203-1112 (toll-free) or (719) 457-0820. Please enter confirmation code 6274937.

WEBCAST: Apple will provide live audio streaming of its conference call using Apple's industry-leading QuickTime® multimedia software. The live webcast will begin at 6:00 a.m. PDT on March 19, 2012 at and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone®, iPad®, iPod touch® or any Mac® or PC running QuickTime 6 or later. If you do not have QuickTime installed on your Windows PC, it is available at


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cg3.droid - March 19, 2012 at 4:43am
could be something to do with the way we use money.... nfc? iwallet? the end of physical currency?
WOZ - March 19, 2012 at 2:58am
Wozniak was the person who created apple it was not steve jobs he is the one who coded apple. Steve was just the type of financial guy who knew about the money.
FARP.Thor - March 19, 2012 at 3:41am
Just the guy who knew how to make $100 bi in cash. I say buy Greece!
Horus - March 19, 2012 at 4:56am
I say fix America. Reading a book once in a while wouldn't hurt, especially the guy who had this "bright and evolutionary" idea. I cannot even consider it funny.
Gg - March 19, 2012 at 2:56am
Give it to me? ;)
datumax - March 19, 2012 at 1:02am
Maybe they'll buy @justabrake I like how you think.
ThinkAhead - March 19, 2012 at 12:08am
I say save it! I think you may need it now Steve is no longer around to steer the ship. It's such a shame as I love apple products but the rot is already setting in. I mean 'Resolutionary' is probably the worst tag/ headline ever for the new iPad!
Justabrake - March 19, 2012 at 12:16am
Even though they said steve had planned way ahead for years to come I feel the same about that rot starting.
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