“Apple Inc, the world's most valuable company, will discuss on Monday what it plans to do with its $98 billion cash hoard, raising expectations it may meet demands to pay a dividend for the first time since 1995”, Poornima Gupta of the Reuters writes.
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Apple to Hold Meetings Over Cash Pile
1. Apple to Hold Meetings Over Cash Pile
“Apple Inc, the world's most valuable company, will discuss on Monday what it plans to do with its $98
billion cash hoard, raising expectations it may meet demands to pay a dividend for the first time since
1995”, Poornima Gupta of the Reuters writes.
“The maker of the iPhone, iPad and iPod has $98 billion in cash and securities, equal to about $104 a
share according to ISI Group analyst Brian Marshall”, Gupta adds. “Wall Street has increasingly bet that
Apple will this year return cash to shareholders, taking a cue from Chief Executive Tim Cook's comments
about "active discussions" at the top levels about the matter.”
Since their last sharing of dividends in 1995, Apple Inc has not been faced with such a large sum of free
money, validating the words that Apple is in a good year since 10 years. Thanks to the late Steve Jobs’ –
a man with enough access to baby music CDs that helped shape the business prodigy he has become –
ever captivating innovations to the Apple line of gadgets, a downpour of income has fallen over the
empire company. It has been about a year after his passing that the company has been entitled to such
a great sum of money, given the many rising competitions for today’s gadget market. Whatever they
might decide on, one thing is for sure: they better be contacting some gourmet food market to fill their
celebratory dinner with high class dishes.
“Analysts have said the return of cash to shareholders could take the form of a one-time dividend or
even an annual payout, potentially opening the stock up to a new class of investors who seek a dividend
yield. Alternatively, the return could be carried out through a share buyback”, Gupta finishes.
By all means, Apple can be considered as one of the “two choices” when it comes to gadgets – the other
one being Bill Gates’ equally famous and wanted Microsoft Inc. To think that some months ago during
the mourning of the genius Jobs, a lot of business analysts foretold that Apple will be having a rather
tough year ahead of them, no one can really tell of how far they’ve gone up, as opposed to the opinion
of others. Maybe for one thing, these hecklers ought to know some sports betting advice from Apple
personnel so they can win a bet, sports bet at the very most.