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They Said It: Apple Has More Money Than It Needs, CEO Says

They Said It: Apple Has More Money Than It Needs, CEO Says . / Credit: Dreamstime.com

"We've actually spent a lot but we still have a lot and frankly speaking, that is more than we need to run the company." – Apple CEO Tim Cook at the Apple annual shareholder meeting as reported by Forbes

Cook was addressing shareholders about what the company would do with the $97.6 billion in cash and investments that the company has on hand.  Cook discussed the potential of paying dividend to shareholders with those profits

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"They Said It" is a regular BusinessNewsDaily featured designed to bring you the most interesting business quotes from around the world of politics, entertainment, sports and pop culture.

Reach BusinessNewsDaily staff writer David Mielach at Dmielach@techmedianetwork.com. Follow him on Twitter @D_M89.