Apple has found a big investor that still has faith in future:
itself.
On Tuesday, the technology giant announced that it planned to more than
double its programme to return cash to share holders through
Stock buyback and a higher dividend spending $100 billion on
the effort through the end of 2015. Its share repurchases alone will increase
to $60 billion from the $10 billion it committed previously, the largest such
plan in history, the company said.
The move to renew investment love affair with apple’s stock came as the company announced its first profit decline in a decade .apple said its net income fell 18% in its fiscal second quarter, as one of the most successful technology franchises in recent years, the iphone , showed signs of slowing and other less profitable products began to make up more of its sales .
