Apple Schedules Conference Call to Discuss Its $100b Cash Balance

When Apple announced its quarterly earnings earlier this year, it was discovered that the company’s pile of cash was nearing the $100 billion mark. Since then, everyone has been curious what they they will be doing with it.

Now, the wait is over! Today, Apple has announced that it will host a conference call on Monday at 9 a.m. Eastern, 6 a.m. Pacific to discuss what it plans to do with its $100 billion cash balance. Tomorrow’s call will be hosted by Apple CEO Tim Cook and CFO Peter Oppenheimer. Apple will be live streaming the call tomorrow.

WEBCAST: Apple will provide live audio streaming of its conference call using Apple’s industry-leading QuickTime® multimedia software. The live webcast will begin at 6:00 a.m. PDT on March 19, 2012 at www.apple.com/quicktime/qtv/call31912 and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone®, iPad®, iPod touch® or any Mac® or PC running QuickTime 6 or later. If you do not have QuickTime installed on your Windows PC, it is available at www.apple.com/quicktime.

The company has also said in its press release that Apple would not provide an update on its current quarter, nor would it discuss any topics other than cash.

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Parth Dhebar

Parth Dhebar is a 18 year-old entrepreneur. He is the founder of Simple Reviews, a blog focused on reviewing iPhone and iPad applications. Parth is a recognized name in the industry, known for covering Apple news. He is an editor at Techie-Buzz covering news on Apple. You can follow him on Twitter @pdparticle.