12 Feb '13, 4pm

Cook: Apple Doing What's Best for Investors

Amid declining share prices and criticisms from all sides, Apple CEO Tim Cook says his company does not have a "depression era" mentality and will continue to use its enormous cash reserves to invest in the company, while simulataneously giving back to shareholders. "If you look at what we've done in terms of investment, last year we invested $10 billion in CapEx. We think we're goinna do a similar amount this year," Cook said at the Goldman Sachs Technology and Internet conference, according to a live blog of the talk posted at the Wall Street Journa l . Cook's comments come as Apple sits on approximately $137 billion in cash, with a committment to return about $45 billion of that to investors over the next few years. "I don't know how a mentality with a depression-era mindset would have done all those things," Cook said. Cook took time to comment on recent reports of a l...

Full article: http://www.wirelessweek.com/news/2013/02/cook-apple-doing...

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