Last night the annual meeting of Apple company shareholders took place and Tim Cook spoke about his long-term strategy and about some changes that will take place at the level of choosing the members of the management team. Cook declared that the shareholders will still remain without the dividends they have been waiting for so long, however said that Apple currently has much more money available than would be necessary to operate. Almost 100 billion dollars are available to the Apple company, but only a part in cash and Tim Cook considers that the amount is much too high, but he does not share it with the company's shareholders.
Chief Executive Officer Tim Cook, speaking today at an annual investor meeting, also said Apple was continuing "active discussions" about what to do with its $97.6 billion in cash and investments, saying the cash hoard was "more than we need to run a company .”
If Apple has too much money, I think it could start making some much more important investments, otherwise Tim Cook's statements are absolutely useless. Practically now, Apple's CEO claims that he has too many financial resources but does not take measures to invest that money in various facilities that would offer the company serious long-term advantages. However, I think that the current processes in which the company is involved could help it get rid of at least part of that money.
