We know Apple news isn’t the most popular thing in the world around here, but when a tech company claims it will be announcing its plans for their $100 billion war chest in a conference call on Monday morning, we can’t help but be somewhat interested.
The heads up on the surprise conference call came late Sunday, and will address the mounting pressure on CEO Tim Cook to spend the $97.6 billion sitting in Apple coffers. With no debt and market supremacy in mobile it will be interesting to see if they plan to start paying hefty dividends to investors, or if they will simply snap up a few vulnerable competitors.
Heck with that much money they could bail out the government, buy themselves a national wireless carrier, or even pay factory workers in China a decent wage. We’ll know one way or the other soon enough, but one thing is for sure, it will have a huge impact on the financial markets tomorrow.