New York: Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years.
Apple CEO Tim Cook also suggested that the company won't release any new products until the fall, contrary to expectations that there would be a new iPhone and iPads out this summer.
Apple Inc. on Tuesday said it will expand its share buyback program to $60 billion - the largest buyback authorization in history. It is also raising its dividend by 15 per cent from $2.65 to $3.05 per share.
That equates to a dividend yield of 3 percent at current stock prices. The average yield for the 20 largest dividend-paying companies in the U.S. is 3.1 percent, according to Standard & Poor's....more
08:37 AM, Apr 24, 2013
Samsung Electronics, the world leader in mobiles and memory chips, likely earned a quarterly profit of $8.1 billion, as it sold close to 500 handsets every minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple Inc products. ...
06:13 PM, Jan 07, 2013