Apple Makes Plans for Stockpiled Cash
The Cupertino, Calif., company said late rs gold that it will hold a conference call Monday morning to disclose what it plans to do with the huge cash pile, of which shareholders have been increasingly demanding a piece.
At Apple's annual shareholder meeting in February, Chief Executive Tim Cook said the buy runescape gold company had been thinking about its cash "very deeply," and is actively discussing strategies for managing it with the company's board. "It's a lot," he added. "It's more than we need to run the company."
Some investors have said they expect Apple to buy runescape accounts issue a dividend, according to people familiar with the matter. That would amount to a big shift for a company that has regularly argued that it needed its cash to secure component supplies for its gadgets. Shareholders have consistently lobbied the company for a recurring solution, as runescape gold Monday's announcement, which will be made by Mr. Cook and Chief Financial Officer Peter Oppenheimer, will end months of speculation about whether Apple will take a new approach to cash and how dramatic it will be. Since becoming CEO in August, Mr. Cook has signaled he would consider more options for runescape accounts the cash stockpile than his predecessor, Apple co-founder Steve Jobs, who had been opposed to stock buybacks and dividends, according to people familiar with the matter.
