Thursday, July 21, 2011

The $76 Billion Question: What Will Apple Do With All That Coin?

As Cash Stockpile Swells, Investors Again Ask About Its Plans for Dividends, Share Repurchases

According to the Wall St Journal Apple Inc. has built up a $76.2 billion cash hoard. Now the question is what the company intends to do with the money pile.

On Tuesday, the Cupertino, Calif., company disclosed cash, including short-term and long-term marketable securities, for the quarter ended June 25 increased 15.8% since March to $76.2 billion. That's more than the gross domestic product of 126 countries, including nations such as Ecuador, Bulgaria, Sri Lanka and Costa Rica, according to data from the World Bank.

The gigantic sum on Wednesday prompted some investors to call for it to use some of the cash for dividend payouts…..

Find out more at http://online.wsj.com/article/SB10001424053111904233404576458452104540940.html?mod=WSJ_article_forsub

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