Apple (NASDAQ:AAPL) CEO Tim Cook might have a more investor friendly attitude than his predecessor Steve Jobs. A stickler for corporate reporting structures and proper communications with investors, Cook has hinted he may be willing to free at least some of Apple’s huge $82 billion cash stockpile.
Though some shareholders have called for a return of this cash as dividends or buybacks, others have pointed to the massive appreciation in the company’s share price saying the company was actually doing everything fine. On the company’s fiscal fourth quarter earnings call last month, Mr. Cook said, “I’m not religious about holding cash or not holding it.” So, will this cryptic statement mean more will change at Apple (NASDAQ:AAPL)?
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Here’s how Apple shares are trading now:
- Apple Inc. (NASDAQ:AAPL): The shares recently traded at $397.83, up $1.32, or 0.33%. Its market capitalization is $369.69 billion. They have traded in a 52-week range of $297.76 to $426.70. Volume today was 4,211,868 shares versus a 3-month average volume of 22,615,100 shares. The company’s trailing P/E is 14.37, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>