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 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

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.