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Apple will finally reveal how it will spend its money

Sections: Apple, Business News

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Apple has amassed an incredible amount of cash thanks to its line of ultra desirable electronics. The company is currently sitting on nearly $1 billion cash and the world wants to know what Apple plans on doing with it. We’re going to get our answer this morning at 9am Eastern.

During this time, Apple will hold a conference call starring CEO Tim Cook and CFO Peter Oppenheimer. The announcement(s) will be streamed live on the internet for anyone to listen in. Alternatively, listeners will be able to pick up the phone call dial in to the conference as well.

Apple stated that it will only talk about its cash. Don’t expect to hear anything too specific about the new iPad or the fabled Apple television.

Overall, anything that’s announced today has the potential to be really huge, or just plain boring.

Via [Apple]

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