Apple (AAPL) had quite a newsworthy week last week, reporting Q4 earnings and then holding a press conference in which they unveiled their newest laptop, an upgrade of the super-thin MacBook Air that uses flash memory in lieu of a traditional hard disk drive.
On the company's conference call, a common question came up: what is the company planning to do with its more than $51 billion in cash and investments? Here's what CEO Steve Jobs said on the matter:
We strongly believe that one or more very strategic opportunities may come along that we're in a unique position to take advantage of because of our strong cash position.
You must verify your email address before signing in. Check your email for your verification email, or enter your email address in the form below to resend the email.
Please confirm the information below before signing in.
{* #socialRegistrationForm *}
{* firstName *}
{* lastName *}
{* displayName *}
{* emailAddress *}
By clicking "Sign In", you confirm that you accept our terms of service and have read and understand privacy policy.
{* /socialRegistrationForm *}
Almost Done
Please confirm the information below before signing in. Already have an account? Sign In.