13/02/13 15:07 CET
| updated xx mn ago
| updated at xx
Apple’s Chief Executive Tim Cook has said it is carefully considering calls for the company to return more cash to investors; it is currently sitting on over 100 billion euros of reserves.
Cook said the company’s board is in “very active discussions” on how to dole out more of its hoard of cash and marketable securities.
Cook was responding to a lawsuit from activist investor David Einhorn who runs Greenlight Capital and who has accused Apple of clinging to a “Depression-era” mentality.
A computer on your wrist?
A timely way to spend some of that money might be a foray into the world of watches.
Reports continue to come thick and fast that Apple is working on a wristwatch like device.
After the New York Times and Wall Street Journal broke the story, Bloomberg and others now report Apple has about 100 product designers on the project, which suggests it is no longer an experiment but moving towards development.
Reportedly it would use the same operating platform as the iPhone and the iPad and be made with curved glass.
Apple has declined to comment on the reports.
Wires > Business
- 18:51 CET UK fund firm Alliance Trust gets RIT Capital merger approach
- 17:01 CET Greece tells lenders it can’t implement some extra demands – letter
- 16:08 CET Frustrated Juncker urges EU leaders to back TTIP trade talks
- 14:52 CET Oil prices slip as Iraq raises exports
- 12:54 CET Global air passenger traffic demand up 4.6 percent in April – IATA
- 12:16 CET Hopes and fears for jobs as Afghan cement factory reopens
- 11:32 CET Euro zone economic sentiment rises more than expected in May
- 11:28 CET Schaeuble says ECB not pursuing best monetary policy for Germany