Apple : Apple, AT&T cheer new iPad sales records |
- Apple, AT&T cheer new iPad sales records
- Apple reveals what it's going to do with its $100 billion
- Apple to announce cash reserve plans on Monday
| Apple, AT&T cheer new iPad sales records Posted:  The new iPad 3 bested sales records for Apple and partner network AT&T, both companies said on Monday. During Apple CEO Tim Cook's cash-focused conference call on Monday morning, he revealed the company had a best-ever first weekend as iPad fans flocked to retail stores around the world. While Cook bragged of "a record opening weekend," he stopped short of revealing exactly how many new iPad 3 devices the company shifted. Those figures won't see the light of day until Apple's next quarterly report, if at all. 4G LTE iPad a hit tooMeanwhile, US network AT&T is also pleased with the performance of the new iPad, quoting record single-day sales and activations. In a brief press release, the carrier said: "On Friday, March 16, AT&T set a new single-day record for its iPad sales and activations, demonstrating robust demand for the new iPad on the nation's largest 4G network, covering nearly 250 million people." Like Apple, the company didn't publish sales figures or exactly how many of those activations came with 4G LTE contracts compared to 3G users. |
| Apple reveals what it's going to do with its $100 billion Posted:  Speculation was rife (on the TechRadar Facebook page) that Apple was set to buy Facebook/Stark Industries/the Moon/a volcano base with its near $100 billion of cash, but it seems that Apple has made a rather In a press release Apple noted that it had a bit of spare change lying around and decided to give back something to the people who have bought shares in the company. The reason it is doing this is because no matter how much Apple has tried to spend its money, it just keeps making more. Essentially, if it was Apple playing Brewster in Brewster's Millions, it would have failed miserably. As this is real life, though, the company's success has meant that it can now begin giving out dividends (money paid out to its shareholders), which is something it has not done since 11 February 2005. War chest"We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You'll see more of all of these in the future," explained Tim Cook, Apple's CEO in a statement. "Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program." The programme will see Apple use around $45 billion of its cash surplus to do this in three years. So, if you have managed to bag yourself an Apple share in the past – they are at $585 at the moment – then today could well be your lucky day. Personally we would have filled a swimming pool of coins à la Scrooge McDuck and finally figured out how he managed to dive into it without hurting himself. That's money well spent. Dividend, schmividend. |
| Apple to announce cash reserve plans on Monday Posted: Apple has announced a conference call for Monday morning, during which the company will announce plans for its staggering cash reserves. During an incredibly profitable period, thanks largely to high margins on iOS devices, the company has built-up $100 billion (£60 billion) in cold hard cash, making Apple far wealthier than most countries. The call, which will be hosted by Apple CEO Tim Cook, will be live streamed to iOS devices and any Mac or PC with QuickTime 6 installed. It will take place at 9am ET in the US (1pm UK time). Yachts all round?In a post on the Apple press website the company says: "Tim Cook, Apple's CEO, and Peter Oppenheimer, Apple's CFO, will host a conference call to announce the outcome of the Company's discussions concerning its cash balance. "Apple will not be providing an update on the current quarter nor will any topics be discussed other than cash." Will Apple pay its stockholders some huge dividends? Will it sweep up every notable start-up in Silicon Valley? Or will it do a Bill Gates and give it all to Africa? You can tune into the conference call yourself by following this link. |
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