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March 20, 2012 Posted By:
admin
Rob Schmitz is a reporter and Marketplace Correspondent based in Shanghai, China. He has spent time in many factories – as well as a bit of time outside of the Foxconn factory in Shenzhen, the same factory fabulist Mike Daisey interviewed workers he purported were 12 and 13 years old. Schmitz’s findings definitely didn’t jibe with Daisey’s and I decided...
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March 19, 2012 Posted By:
admin
Apple’s sitting on a considerable pile of cash — nearly $100 billion — and they’ve scheduled an early morning conference call to discuss what they plan to do with it. Word of their financial machinations happened to break before the call though, as a release from the Cupertino company just hit the wires stating that they intend to...
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March 19, 2012 Posted By:
admin
CUPERTINO, California—March 19, 2012—Apple® today announced plans to initiate a dividend and share repurchase program commencing later this year.
Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.
Additionally, the Company’s Board...
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March 19, 2012 Posted By:
admin
Most likely scenario: ongoing dividend. Less likely: special dividend or stock buyback
In a note to clients issued Sunday night, less than 12 hours before Apple's (AAPL) scheduled conference call, RBC Capital's Mike Abramsky laid out his thoughts about what Tim Cook is likely to do with Apple's excess cash: (I quote)
Ongoing Dividend. In the most widely expected...
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March 19, 2012 Posted By:
admin
Most likely scenario: ongoing dividend. Less likely: special dividend or stock buyback
UPDATE: Apple chose options Nos. 1 and 3:
- A 2.65% quarterly dividend, starting in fiscal Q4, which ends in September. Expect this to cost more than $10 billion in the first year alone.
- A $10 billion stock repurchase plan starting in fiscal Q1 2013 spread out over the next three...
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March 19, 2012 Posted By:
admin
First weekend sales exceed the iPad 2, but the iPhone 4S
iPad queue in NYC. Photo: CNET
Eight hours after Apple (AAPL) Tim Cook pronounced himself "very thrilled" with what he described as "record weekend" sales of the third-generation iPad, the company issued a press release clarifying what record the new iPad had broken.
It wasn't Apple's all-time best hardware launch....
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March 19, 2012 Posted By:
admin
Earlier today, AT&T announced record sales and activation numbers for the new iPad. During the Apple dividend/buyback call, Apple CEO Tim Cook spoke of a “record weekend” for the new iPad. Unfortunately, neither had actual numbers to share. And that was odd since normally when Apple has a new record number to crow about, crow they do. This...
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March 19, 2012 Posted By:
admin
CUPERTINO, California―March 19, 2012―Apple® today announced it has sold three million of its incredible new iPad®, since its launch on Friday, March 16. The new iPad features a stunning new Retina™ display, Apple’s new A5X chip with quad-core graphics, a 5 megapixel iSight® camera with advanced optics for capturing amazing photos and 1080p HD video, and still delivers the same...
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March 19, 2012 Posted By:
admin
It shouldn’t come as any surprise when someone says that this year’s display, or phone, or what have you, is the best ever. After all, improving the category is what companies strive to do, right? So Apple’s claim (on Samsung’s behalf, really) that the new iPad’s display is the “best display ever on a mobile device” isn’t hyperbolic, just...
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March 19, 2012 Posted By:
admin
For better or worse, we live in a society that discards broken items. The day of replacing a burned-out motor in a blender is past. Very few household items are designed to be fixed by the owner or even repair shop. HDTVs, microwaves, even benchtop woodworking tools purchased at big box warehouse stores are designed to be replaced, not serviced....
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