| Apple to return extra $55bn to investors | Apple said it would return an additional $55bn to shareholders by the end of 2015, increasing its quarterly dividend by 15 per cent and boosting its share buyback programme, after pressure from investors amid a falling share price.
The announcement of what Apple called the "largest single share repurchase authorisation in history" came as it reported better-than-expected results for its second quarter.
Sales of the iPhone and iPad comfortably beat expectations, driving revenues to $43.6bn. Earnings of $10.09 per share came in just ahead of analysts recently lowered forecasts, but nonetheless marked its first year-over-year drop in earnings in almost a decade.
http://link.ft.com/r/EB8122/Q3OC64/0GYAOM/30HTZ1/A5UJE7/50/h?a1=2013&a2=4&a3=23
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