Apple Promises To Not Let Its $97 Billion In Cash “Burn A Hole” In Its PocketToday during Apple’s Q1 2012 earnings report, CFO Peter Oppenheimer revealed that Apple has a staggering $97 billion in cash, with over $60 billion currently held offshore. Oppenheimer said multiple times during the call that Apple was not letting its near-$100 billion in cash “burn a hole” in its pockets. Tim Cook and Oppenheimer were very tight-lipped [...]Related StoriesApple Just Became The Top Smartphone Manufacturer In The WorldApple By The Numbers: iCloud, App Store, Education, Retail And MoreApple To Talk About “Exciting New Things” At Town Hall Meeting TomorrowThere Are More iPhones Sold Every Day Than Babies BornHighly Anticipated “Inside Apple” Book Now Available In The iBookstore
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