Tim Cook continues to defy critics & does nicely thank you
According to recent reports, Apple is going to hand over a near $135 billion (£80 billion) windfall to its shareholders by Q1 2015. The company has said it will spend about $92 billion (£55 billion) in buying back its own shares which should help raise the share price nicely. The US giant is also upping its dividend by eight per cent which should please its shareholders as well.
Observers say that the Cupertino based smartphone manufacturer is making profits of over $10 billion (£6 billion) every three months.
of course, those profits are from the sale of other devices such as its iPad tablets and Mac computers – not just iPhones.
As GoMo News recently reported in ‘Apple bounces back as Chinese flock to iPhone‘ that its shares had jumped 7 per cent on the back of that news.
The rumours say that Apple is stockpiling its cash. But no-one seems to be predicting that the company is planning any kind of major acquisition.