{"id":88476,"date":"1999-12-31T00:58:00","date_gmt":"1999-12-30T13:58:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/what-is-apple-ginormous-97bn-plan\/"},"modified":"1999-12-31T00:58:00","modified_gmt":"1999-12-30T13:58:00","slug":"what-is-apple-ginormous-97bn-plan","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/","title":{"rendered":"What IS Apple Ginormous $97BN Plan?"},"content":{"rendered":"

Apple are set to announce a grand plan for its ginormous $97bn cash kitty today.
“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,” Cupertino said yesterday. <\/p>\n

The surprise cash plan-of-action announcement will take place Monday, March 19 at 9 a.m. Pacific Daylight Time in the US. <\/p>\n

The billion dollar question on everybody’s lips was what Cupertino planned to do with a cash pile of close to $100bn ($97.6bn to be precise), announced in late January made up of cash reserves, investments and other interests. <\/p>\n

Apple also recently announced first fiscal quarter 2012 net profit of a whopping $13.1bn. The cash reserves are believed to make Apple richer than the US government and certainly one of the most valuable companies in the world.  <\/p>\n

“We continue to be very disciplined with the cash and are not letting it burn a hole in our pocket,” Apple’s top money man, Peter Oppenheimer said, following January’s revelation.<\/p>\n

Analysts expect the tech darling to consider a dividend or share buyback meaning Apple shareholders could be in for a nice surprise with the company not having paid a dividend since 2002 (thanks to Steve Jobs). <\/p>\n

Issuing a dividend could lure even more investors into its den, although it appears there’s no shortage of Apple shareholder wanabees with share price topping the $600 mark for the first time in history late last week after launch of new iPad. <\/p>\n

On the subject of dividends, Cook has said: “I have said since becoming CEO that I am not religious about this.”<\/p>\n

“We’re in very active discussions at the board level about what we’re going to do with our money.”<\/p>\n

Read: Hey Apple, How WILL You Spend $100Bn?<\/a><\/p>\n

And this record $600.01 share price comes less than 5 weeks after Cupertino’s shares hit the $500 milestone.<\/p>\n

Whatever the plan is, Apple won’t be losing the plot and going on a mad spending spree, Chief Cook also previously warned: <\/p>\n

“We spend our money like it’s our last penny. I think that shareholders want that. We’re not going to have a toga party or do something outlandish.”<\/p>\n

 <\/div>\n

But with profits like this the skies the limit. <\/p>\n

The only purchase it has made of late was an Israeli flash memory company, which Cupertino is believed to have paid between $400 million and $500m for. <\/p>\n

“Apple will not be providing an update on the current quarter nor will any topics be discussed other than cash,” yesterday’s announcement also stated.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apple are set to announce a grand plan for its ginormous $97bn cash kitty today.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,680],"tags":[],"class_list":["post-88476","post","type-post","status-publish","format-gallery","hentry","category-archive","category-leadership","post_format-post-format-gallery"],"yoast_head":"\nWhat IS Apple Ginormous $97BN Plan? - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What IS Apple Ginormous $97BN Plan? - Smart Office\" \/>\n<meta property=\"og:description\" content=\"Apple are set to announce a grand plan for its ginormous $97bn cash kitty today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Smart Office\" \/>\n<meta property=\"article:published_time\" content=\"1999-12-30T13:58:00+00:00\" \/>\n<meta name=\"author\" content=\"Oonagh Reidy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oonagh Reidy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/\"},\"author\":{\"name\":\"Oonagh Reidy\",\"@id\":\"https:\/\/staging.strixdevelopment.net\/smartoffice\/#\/schema\/person\/15e890b46095d075b43fe7ecb12341ae\"},\"headline\":\"What IS Apple Ginormous $97BN Plan?\",\"datePublished\":\"1999-12-30T13:58:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/\"},\"wordCount\":436,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/staging.strixdevelopment.net\/smartoffice\/#organization\"},\"articleSection\":[\"Archive\",\"Leadership\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/\",\"url\":\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/what-is-apple-ginormous-97bn-plan\/\",\"name\":\"What IS Apple Ginormous $97BN Plan? 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