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Apple to hold press conference in the morning to address cash reserves

Posted: , by Charlene S.

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Apple to hold press conference in the morning to address cash reserves
With the unadulterated success from Apple’s iPhone and iPad over the last few years, many have wondered, “What are they going to do with that cash pile?” Apparently all your questions will be answered tomorrow morning.

Apple has issued a press release for a conference call that will occur on Monday, March 19, 2012 at 6 a.m. pacific / 9 a.m. eastern. Tim Cook, CEO, and Peter Oppenheimer, CFO, will be hosting the call to “announce the outcome of the Company’s discussions concerning its cash balance.”

You can call in to the event or listen online. Checkout the press release below for call numbers and web addresses. The webcast will be available for replay for two weeks afterwards.

It is only about 12 hours until we find out officially, but in the mean time, what to you think Apple should do with its cash?

Apple Conference Call

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 www.apple.com/quicktime/qtv/call31912 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 www.apple.com/quicktime.

This recording is the property of Apple and protected by U.S. copyright law and international treaties. Any reproduction or distribution is strictly prohibited without prior written approval from Apple. Please contact Apple Public Relations or Investor Relations with any questions.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

source: Engadget

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posted on 18 Mar 2012, 20:09 1

1. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)

Oh, oh, oh, oh ...... Mr. Kotter, iCan't wait!!!

What about donating some of the money to iMprove their Sw3atshops??

posted on 18 Mar 2012, 21:19 9

4. christianqwerty (Posts: 467; Member since: 05 May 2011)

They should give you some money for some new jokes

posted on 18 Mar 2012, 20:49 2

2. networkdood (Posts: 6330; Member since: 31 Mar 2010)

Well, they will need some of the money for their new workplace and some more cash for their lawyers.

posted on 18 Mar 2012, 21:02 6

3. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)

i think they should use the money for some serious R&D.. yes a few choice acquisitions will be necessary, but apple could use those billions for some crazy new tech… either that or a seriously huge aquistion that gets a ton of marketing and is useful… like maybe buying a teleprovider if they are serious about tv or something… either R&D or go big (but they might also do dividends.. not too sure about that though)

posted on 18 Mar 2012, 23:15 1

6. cellphonator (Posts: 298; Member since: 29 Oct 2011)

A friend of mine has Apple shares and he heard they might really give some dividends.

posted on 19 Mar 2012, 08:36

14. cellphonator (Posts: 298; Member since: 29 Oct 2011)

That's it, they're giving dividends!

posted on 18 Mar 2012, 22:19 2

5. pongkie (Posts: 655; Member since: 20 Aug 2011)

they are going to buy a bunch of law firms and create a new product called iSue

posted on 18 Mar 2012, 23:32

7. pubbaa (Posts: 25; Member since: 13 Mar 2012)

if they are serious about TV's here are somethings to consider
late S.Jobs called Blu-ray a "bag of hurt" were they planing ultra high def tvs and current optical media just couldn't do the job..and no i'm not saying apple will introduce a optical media that's not how they roll,they are all about digital distribution

just saying..maybe i'm off by couple of million miles

posted on 19 Mar 2012, 00:49 1

8. ilia1986 (unregistered)

They are going to use it to.. wait for it.. wait for it.. hold on.. tuckle your belt seat..


posted on 19 Mar 2012, 01:18 3

9. drtech (banned) (Posts: 135; Member since: 16 Mar 2012)

What if Apple announces that they're buying Google tomorrow? Can you imagine the fandroid eruption that would happen lol.

posted on 19 Mar 2012, 03:37

10. roscuthiii (Posts: 2246; Member since: 18 Jul 2010)

I think it will probably be dividends. Maybe even an upcoming split. Unlike Steve Jobs, Tim Cook actually believes in giving back. Tim could actually make Apple respectable again. Ethical, at least.

posted on 19 Mar 2012, 03:53

11. ilia1986 (unregistered)

First give back the freedom to consumers to control their device however they want.

Then we'll talk.

posted on 19 Mar 2012, 07:55

13. cellphonator (Posts: 298; Member since: 29 Oct 2011)

They have to give the full control of their device to make happy 10% of their customers? Because the other 90% doesn't give a crap and won't use it properly, what's the point?
Do you understand that the majority of cellphones users, including Android users, are average people, not geeks?
Who they have to make happy, you?

posted on 19 Mar 2012, 05:03

12. paulyyd (Posts: 339; Member since: 08 Jan 2011)

Okay bro!! I'll make sure to relay the message

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