Apple does a dividend
"We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure," Cook said in a prepared statement.
"Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program," he added.
August 24, 2012 4:00 AM PDT
Photo by: James Martin/CNET
| Caption by: Charles Cooper
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