Apple to announce plans for its $100 billion cash reserves today

Apple has money, a lot of money, a LOT of money. In fact they are getting up close to $100 billion as of it’s last earnings report. Apple issued a press release last night to announce that they will have a conference call with CEO Tim Cooks and CFO Peter Oppenheimer.

Speculations are flying all over the internet about what Apple will buy for the $100 billion. Will they acquire some of their competitors? Will they buy every single mobile phone manufacturer on the planet (they can!)? Will they build a huge memorial for Steve Jobs by their new Cupertino head office?

We will see in some hours when the press conference is over and Tim Cooks have spoken.

In the meantime what do you think?

Humor: Letter From Mr. Tim Cook of the Apple Inc. Re: $100 Billions United States Dollars

Dear One,

I am Mr. Tim Cook, CEO of the Apple Inc. I followed Mr. Steven P. Jobs who also is CEO of Apple Inc. though dead now. Mr. Jobs worked with the Apple Inc. for over two decade before the cold hand of death took him away on the 5th of October 2011. He and I made a vow to uplift the down-trodden and the less-privileged individuals within the United States for America, Europe, China and South America, Africa and the rest of the globe as he had passion for poor persons with Googles Androids phones.

When my late CEO was alive he deposited the sum of $100 Billion (One Hundred Billion United States Dollars) with a bank here in the California. Presently, this money is still with the bank. Recently, Mr. Peter Oppenheimer, CFO of the Apple Inc. told me that we have a limited or numbered days on earth and that our life span will not exceed 150days due to the Maya calendar of 2012.

With this hard reality that has befallen Mr. Peter Oppenheimer, Mr. Phil Schiller nice all around guy of the Apple Inc., and me I have decided to donate this fund to a non-governmental,or a non religious, and or a non profit organization or better still an individual, that will utilize this money the way I am going to instruct herein.I want a non governmental, or a non religious, and or a non profit,organization or better still an individual, that will use this gift which comes from Mr. Steven P. Jobs sweat to fund the upkeep of widows,widowers,orphans, destitute, the down-trodden, physically challenged children,barren-women and persons with Android phones.

As soon as I receive your reply I shall give you the contact of the bank here in the California. I will also issue you a Letter of Authority that will empower you as the original beneficiary of this fund. My happiness is that I lived a life worthy of emulation. Please always be prayerful all through your life. Any delay in your reply will give me room in souring for a non-governmental, or a non religious, and or a non profit organization or better still an individual for this same purpose.Please assure me that you will act just as I have stated herein. Hope to hear from you soon and God bless you and members of your family.

Mr. Tim Cook, CEO of the Apple Inc. (Benefactor)


Do you think we will soon see this spam mail in our junk folders?

Found on Gizmodo written by “ARTIST FORMERLY KNOWN AS NIGERIAN PRINCE” :-)

Apple Foxconn Factory Hid Underage Workers

Foxconn workers

Factory workers making Apple products

The latest development in the Apple factory worker conditions saga is that Foxconn allegedly hid underage workers prior to the Fair Labour Association audit that’s currently in progress. According to one Hong Kong-based NGO Students and Scholars Against Corporate Misbehaviour (SACOM), Foxconn was prepared for the inspection and “All underage workers, between 16-17 years old, were not assigned any overtime work and some of them were even sent to other departments”

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iPhone 5 To Launch in October?

iPhone 5 logo

Is the iPhone 5 set for an autumn release?

According to Japanese technology website Macotakara, Apple will stick to the autumn launch for the sixth-generation iPhone 5. Citing only “reliable sources”, the website points out that yearly schedule is likely to remain a permanent fixture rather than the previous summer launch date of the previous models. While we hate to jump on the rumour mill this early in the game, the word on the street does seem to lead to the same conclusion…

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iPad Export Ban Would Threaten Global Sales

Proview iPad picture

The Proview iPAD

The latest legal dispute with Apple involves use of the iPad trademark in China, which could halt iPad sales and ban exports putting the kibosh on the imminent iPad 3 launch. Last week, Chinese customs officials seized hundreds of units after near-bankrupt Shenzhen company Proview Technology claimed it’s the legal owner of the iPad trademark in China.

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OS X 10.8 Mountain Lion Unveiled

Mountain Lion picture

Apple announces OS X Mountain Lion

This week Apple unveiled the ninth major version of its Mac OS called OS X Mountain Lion. The new version will be launched in this summer and a preview release is available now for developers. If you’re wondering why “Mac” was omitted from the title it’s because Apple has officially dropped the name from the OS, signifying closer ties with its mobile counterpart iOS, which is used on the iPhone and iPad.

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Apple is Winning the App War Against Android

Apple App Store and Android Market

Apple's App Store Ahead in the Race

New evidence released by Business Week and Flurry indicates that Apple is winning the mobile app war against Android. The Apple App Store now attracts three times as many app submissions than Google’s Android Market, with many developers preferring iOS mainly because of the device fragmentation issues that continue to plague Android.

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Apple Tries to Ban Android Ice Cream Sandwich

Apple tries to ban Android

Can Apple Ban Ice Cream Sandwich on the Nexus?

As the smartphone patent wars heat up, Apple has gone for the throat and filed a preliminary injunction against Samsung to ban sales of the Galaxy Nexus for allegedly infringing several key patents. Surprisingly, it’s not the hardware that Apple wants to ban but Android 4.0 (Ice Cream Sandwich) which they believe has stolen several ideas from their own iOS.

The patents in question cover simple actions such as clicking on a phone number to make a call, and sliding a finger across the screen to unlock it. Has Apple gone too far with the latest claims, and isn’t it about time the big tech companies got their heads knocked together and started to play fair?

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Steve Jobs FBI File: Ex-Hippie and Computer Genius

Steve Jobs holding iPhone

Apple's Steve Jobs

On Thursday the FBI responded to a freedom of information request and released a secret report on the late Steve Jobs that detailed an investigation into his suitability for an export and trade advisory role in George W. Bush senior’s government in 1991. The 191-page document shines a light on many aspects of his personal life and business affairs, but are there any real revelations contained in the report?

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Apple To Radically Revamp MacBook Pro in 2012

Slim and light MacBook Pro

In a move that’s likely to disrupt the notebook computer market even further, Apple looks set to totally revamp it’s entire 2012 MacBook Pro lineup, jettisoning optical storage and traditional hard disks in favour of fast Flash-based Solid State Storage (SSD) drives and a slimmer, lighter chassis much like the MacBook Air. That’s according to recent reports from authoritative Apple news sites such as AppleInsider and The Next Web.

The new lineup will also use Intel’s forthcoming Ivy Bridge microprocessor CPU architecture and chips which are slated to ship in April. The Air has been responsible for helping Apple’s notebook sales continue to rise despite a general downwards trend in the industry, and has led to creation of the new “ultra-book” category of laptops intended to complete with Apple’s popular thin-and-light models.

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