Published: Thu, February 15, 2018
Sci-tech | By Carrie Guzman

Apple's Tim Cook sees dividend hikes, calls succession a priority

Apple's Tim Cook sees dividend hikes, calls succession a priority

Loup Ventures Managing Partner Gene Munster said earlier this week during an appearance on the Varney & Company show that about $70 billion could go towards share buybacks, with additional funds allocated to special dividend payouts and additional acquisitions.

Apple boss Tim Cook has said that he hopes to see the elimination of cash within his lifetime. He all but guaranteed that Apple's board will raise the dividend in April, as it has done each year since the company reinstated the shareholder payments in 2012.

Apple held its annual shareholder's meeting at its new California headquarters on Tuesday.

San Francisco: Apple Inc. chief executive officer Tim Cook told shareholders at the company's annual meeting to expect higher dividends and stressed that succession planning is a priority.

However, Apple also has a business-to-business strategy, CNBC reports.

'Some immigrants too lazy to sign up for DACA'
But it's unclear whether that proposal could get the 60 votes needed to advance, let alone pass the Republican-controlled House. In a tweet Tuesday, the president said its now or never for DACA, and McConnell echoed that sentiment on the Senate floor.

Apple is already collaborating with the U.S. Food and Drug Administration for a pilot programme to help the agency figure out how to regulate lower-risk digital health products.

Apple had recommended that shareholders vote against both of the measures.

"After they've paid their taxes and repatriation, Apple will have somewhere around $230 billion in cash".

Shareholders were generally upbeat and Cook appeared animated while discussing funds the recent tax reform that Apple backed, although he did not give details on what Apple planned to use its formerly-overseas funds for, except to "invest in" the United States.

At the time, Cook wasn't expressing a belief in the transience of all material things, but addressing the company's mobile payment solution, Apple Pay, which has "an extraordinary future ahead of it", according to Cook. Nonetheless, with more Apple watchers than ever, and dozens of companies in its supply chain, employing thousands of people, it's easy to imagine what a headache Cook has when it comes to keeping Apple's plans secret. "We want to pay and for wanting to pay we'd like to use the residual profits to invest in this country", Cook explained.

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