Apple 'actively' talking uses for $97.6B in cash reserves
updated 06:15 pm EST, Tue January 24, 2012
Company takes more assertive stance
Apple is "actively discussing" possible uses for its cash reserves, which have swelled to over $97.6 billion following its Q1 2012 results, according to CFO Peter Oppenheimer. Speaking in a post-results Q&A, Oppenheimer suggested that the company isn't "letting it [the cash] burn a hole" in company pockets, although there aren't any specifics to share yet. Some possibilities are said to include acquisitions and investments in the supply chain.
The "actively" comment is more assertive than usual for Apple executives when discussing the company's cash. Reserves are nearing the $100 billion threshold, however, an unusually large amount for any major corporation. Analysts have regularly suggested that Apple should start paying out dividends to shareholders, or engage in a share buyback. Executives have resisted, following the principle that the money can be used to make strategic moves.
Junior Member
Joined: Aug 2000
Yeah but…
You are awars something like 80% of that cash is out if the US. Any money Apple brings over here for anything - the first thing to happen is a 35% IRS corporate hit.
Even Jobs lobbied for a " corporate tax holiday" too Obama. Obama laughed that suggestion off. Many international companies, MS etc… have the same problem. Use the money and first thing to do is give 35% to US government.
INSANE