Stuff from ZergNet
Apple made huge sales over the past couple of years with their new iPhone’s and iPad’s, even before they hit big with the new iPad. So eventually they managed to stock up about $100 billion dollars in the side of the company, and earlier today Apple has unveiled its future plans on how they are going to spend this money. I was actually hoping to see them buying something big but too bad, they are only going to spend a little amount of $45 Billion dollars to get back their company shares, and on dividends. So whats gonna happen to the rest of the billions? Who knows, maybe Tim Cook might be planning to get his own shares.
“Combining dividends, share repurchases, and cash used to net-share-settle vesting RSUs, we anticipate utilizing approximately $45 billion of domestic cash in the first three years of our programs, we are extremely confident in our future and see tremendous opportunities ahead.” said Peter Oppenheimer, Apple’s senior vice president/ CEO.
“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.” Apple’s CEO Tim Cook, said.