Apple has issued a press release announcing a conference call it will be holding tomorrow morning to discuss the “outcome of the Company’s discussions concerning its cash balance.” In case you didn’t know, Apple is sitting on nearly $100 billion in cash, making it the most valuable company in the world.
The call will be hosted by Apple CEO Tim Cook and the company’s CFO, Peter Oppenheimer, on March 19th at 6:00 A.M. PDT/9:00 A.M. EDT. Could AAPL shareholders finally receive dividends?
As of January 2012, Apple has $97.6 billion in cash and no debt. The company’s continued success has caused its stock to teeter at $600 per share, and its market cap is currently valued at $546 billion. Not too shabby for a company that was started in a garage.
Apple has repeatedly declined to comment on its plans for its cash reserves and liquid assets, with executives stating that the company won’t let the money “burn a hole in our pocket.” Shareholders haven’t received a cash dividend since 1995, and many have been clamoring for one since AAPL stock started skyrocketing.
Apple could buy a lot of things. Whether it announces a large acquisition (we find that unlikely), shareholder dividends, or another surprise, stay tuned to Cult of Mac for coverage tomorrow.
