News from Apple's shareholders meeting


Shareholders meeting started at 1 p.m. EST Thursday. For almost 2,5 hours they discussed different topics and revealed some interesting information.

First of all, Apple is going to open 25 retail stores in China. As you know, the first Chinese store was built in 2008, and since then only plans about revealing another store were announced.

Secondly Steve Jobs told Apple will build its reserves to make big investments in the future. He also mentioned it is a better way of dealing with profit than paying dividends or doing stock buybacks. At this moment Apple has ~40 billion dollars in their chest.

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Written by SimplyMax

Friday, February 26, 2010. 2:33

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