One More Thing 2012 ⇥
This looks like a totally awesome conference in Australia that I won’t be able to attend. Speakers this year include Neven Mrgan, Sebastiaan de With, Shaun Inman, and Loren Brichter.
Day: 19 March 2012
Three Million in Three Days ⇥
For comparison, around a million iPad 2s were sold during its first weekend. To be fair, the prior model was available in fewer countries at the time. Even so, three million units in three days is nearly 700 every minute.
Nothing Crazy ⇥
Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.
Additionally, the Company’s Board of Directors has authorized a $10 billion share repurchase program commencing in the Company’s fiscal 2013, which begins on September 30, 2012.
No crazy acquisitions, and no store made of gold.
They estimate this will cost them around $45 billion over the next three years. However, over the past three years, Apple has increased their available cash by nearly $80 billion. That means that if they grow at the rate they have been, they won’t even touch their current cash reserves.