Apple CEO Tim Cook gestures during the introduction of the iPhone 4S, at Apple headquarters in Cupertino, Calif. Apple Inc. is finally using its $98 billion pile of cash to reward shareholders, saying it's instituting both a dividend and share buyback program.
Apple CEO Tim Cook gestures during the introduction of the iPhone 4S, at Apple headquarters in Cupertino, Calif. Apple Inc. is finally using its $98 billion pile of cash to reward shareholders, saying it's instituting both a dividend and share buyback program.
Photo by Associated Press /Chattanooga Times Free Press .
published Monday, March 19th, 2012
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NEW YORK — Apple is finally acknowledging that it has more money than it needs. But don’t expect it to cut prices on iPhones and iPads. Instead, the company said on Monday that it will reward its shareholders with a dividend and a stock buyback program.

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