Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker’s slowing sales growth and pace of innovation.
By Paolo G. Montecillo
CUPERTINO, California-based Apple Inc. announced that the new Apple iPhone 5 will hit Philippine shores on Dec. 14, just in time for Christmas.
By Pamela Sampson
World stock markets rose Wednesday after earnings from Apple Inc. and other US companies blew past expectations, providing a distraction from the economic and political turbulence intensifying in Europe over its debt crisis.
If you were president of a company that has $98 billion (roughly P4.2 trillion) in cash and securities, what will you recommend your board of directors do with that wealth?