Apple on Monday finally offered up some plans for its nearly US$100bn war chest, and it’ll almost certainly please the company’s shareholders. The company announced that it will initiate a quarterly dividend of $2,65/share beginning the fourth fiscal quarter (beginning 1 July), as well as a $10bn share repurchase programme
Apple will hold a conference call on Monday to announce plans for its large cash balance. The company is sitting on about US$98bn in cash, and investors are getting increasingly antsy and clamouring for a dividend or share buyout. Tim Cook and Apple’s chief financial officer, Peter Oppenheimer, will host the call
Not long after Steve Jobs died last year, wags eulogised the Apple co-founder with a joke: “Ten years ago we had Steve Jobs, Bob Hope and Johnny Cash. Now we have no jobs, no hope and no cash.” Apple may no longer have Jobs, but it fills investors with hope and is brimming with cash. Its market capitalisation recently passed US$500bn
If you believe the claptrap coming out of the Apple camp in the past week, then you’ll accept as gospel that the era of the personal computer is over. Nothing could be further from the truth. The PC is alive and well; it’s just being reinvented. Listening to Apple CEO Tim Cook’s keynote speech at the launch of the iPad 3 (sorry, the “new iPad”) last week
Core Group, which distributes Apple products in SA, has cut the price of the iPad 2 by as much as R1 400, fuelling rumours that the third-generation iPad, launched this week by Apple CEO Tim Cook, could go on sale in the country in the next few months. Prices of all iPad 2’s have been cut, with reductions of between
Apple unplugged the rumour mill and fired up new hype machine on Wednesday, announcing the next-generation iPad and an upgraded Apple TV. “Apple has its feet in in the post-PC future,” said Apple CEO Tim Cook, kicking off the event by saying that Apple has sold 172m “post-PC” devices, including the iPhone
Apple has long been known for its intense focus on consistent branding and beautiful simplicity. Although this week’s Apple event unveiled a couple of new improvements to an expected line-up of products, it also revealed a certain sloppiness that was absent from earlier, Steve Jobs-led launches. This wasn’t anything major
Tim Cook, Apple’s new CEO, gave a small “State of the Apple” address on Tuesday, touching on the recent accusations of poor working conditions in the factories that make Apple products. He also laid out what the iPhone has done for Apple and why cheap tablets just aren’t worth it. The conversation started
Apple has the best kind of problem: US$90bn in cash burning a hole in its pocket. At the Goldman Sachs Technology and Internet Conference on Tuesday, CEO Tim Cook was asked why the company has not taken the usual moves of buying back stock or issuing a dividend to shareholders. Investors, while happy with the epic stock price
Apple has announced that John Browett, the now former CEO of UK-based Dixons Retail, will join the company as senior vice president of its retail division. “Our retail stores are all about customer service, and John shares that commitment like no one else we’ve met
