Registered: Mar 2003
01-27-12 01:50 AM
January 26, 2012 2:35 pm
Apple’s $100bn reserve ripe for spending
By Chris Nuttall in San Francisco
The rate of cash generation is also accelerating, forcing the management and board to address the issue. In the last quarter, Apple was adding cash to its coffers at a rate of more than $1bn a week. At that pace, Apple should have already crossed the $100bn net cash mark this month after finishing 2011 with $97.6bn in cash on hand.
On its earnings call on Tuesday, Peter Oppenheimer, chief financial officer, said the company was “actively discussing uses of our cash balance” but had nothing specific to announce as yet. “In the meantime, we continue to be very disciplined with the cash and are not letting it burn a hole in our pockets,” he added.
Apple’s Cash Reserves Could Reach $146 Billion By The End Of 2012
Posted in Apple on 14/09/2011 by J. Glenn Künzler