Tomorrow morning at 9 AM, Apple will hold on conference call. The purpose of this call, is to announce what their intentions will be when it comes to their $100 billion cash reserve.
We’ve heard rumors already ranging from Apple purchasing Twitter to giving its stockholders a major dividend. I’ve even heard a completely unsubstantiated rumor, that Apple may be interested in purchasing Facebook. While Facebook is looking to go public, it has gotten a market valuation of over $50 billion. That’s an amount, that Apple could easily afford.
Before you dismiss this rumor, just keep mind, Google’s presence in the social space is growing because of Google+, if Apple were to acquire Facebook, and its 850 million users, they could certainly make features available only on iOS and OSX, which would give them a much greater reach and hold on the social market compared to Google’s. But as I said this is a completely unconfirmed rumor and it may not be anything more.
Either way, after 9 AM tomorrow morning, we’ll get our answers.