Apple will today (19th) be hosting a conference in order to discuss what they will do with their 100,000 million dollars. It will start 9am New York time.
They got enough money to do pretty much anything so I wonder what they will spend it on. Revive Steve Jobs maybe?
Apple has now revealed what they will do with the money.
They are going to pay shareholders 2.65 USD per share sometime in the 4th quarter of its fiscal 2012.
They will also use 10 billion USD to buy back shares starting on the 30th September.
Tim Cook also said that:
>We have used some of our cash to make great investments in our business
through increased research and development, acquisitions, new retail
store openings, strategic prepayments and capital expenditures in our
supply chain, and building out our infrastructure. You'll see more of
all of these in the future. Even with these investments, we can maintain
a war chest for strategic opportunities and have plenty of cash to run
our business. So we are going to initiate a dividend and share
repurchase program.
Someone on /g/ pointed out something interesting though.
Apple made 50 billion USD in 15 months (and will most likely continue doing so, if not more).
They will earn about 40 billion dollars from sales.
They will pay about 10 billion dollars to shareholders per year.
They will buy back stock for 3.3 billion per year.
40 - 10 - 3.3 = 26.7
They will still make about 26.7 billion dollars a year to put on their massive 100 billion dollar pile of money.
Oh well, I guess the shareholders will be happy they get a piece of the cake.
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