Feb24

Apple CEO told: Apple has more cash than their requirement

by mgoharzia987 on February 24, 2012 at 3:10 am
Posted In: APPLE, Technology

Tim Cook, CEO with his shareholders told that Apple has more cash than they actually need. Around $98 billion is the balance which is a great amount no doubt. Well because of that Apple enters into the television market and it must have to invest good money if it has extra cash. So now the question arises how company will handle this cash and what will be the benefits for shareholders or for the employees?

Apple has more cash than it needs

Tim during a question and answer session in California said that the board and management team are thinking about this very deep. It shows that Apple is seriously interested in taking some good steps to invest this money properly. Shareholders have also asked to return the money to investors in the form of share buyback or dividend. Other think tankers suggesting Apple to buy a TV channel or film production that can further enhance its profit. Well, company is making good money and having excess amount of money then it must increase the wages of Chinese workers.

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