New York Magazine reports that Apple has $100 billion in cash lying around, and now they're going to figure out how to use it. Tonight the company released a rare media alert, alerting the press that on Monday morning at 9 AM, Apple will reveal how it will spend its $97.6 billion in cash. Spoiler alert: it'll probably be spent on dividends. Basically, Apple will keep giving more money back to its exceptionally lucky shareholders. The company's stock rose to $600 per share on Thursday. Apple earns less than 1 percent interest on the sum, which some say is kept in Gingrotts Wizarding Bank.
In 2008, when Apple's share price was $160, Bloomberg predicted that Apple, which at that time had $20.8 billion in cash, "may well pass Microsoft, which has $23.7 billion in cash." And so they have. Although the dividend option seems the most likely, we can dream about what kind of fantasy-world real estate deal Apple would close on with that kind of money.
When Google had $26.5 billion extra in 2010, it bought an 18-story office building, which occupies 2.9 million square feet on Eighth Avenue in New York and is referred to as Googleplex East. The deal cost Google about $1.9 billion, a tiny fraction of Apple's excess funds….
http://nymag.com/daily/intel/2012/03/apple-to-decide-how-to-spend-extra-100-billion.html
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