Tuesday evening’s
Apple results were beyond dramatic. The company buried
a massive 18% drop in profits under an even bigger pile of cash, announcing that it will take on debt and create value for investors by increasing its stock buyback and dividend programs to return $100 billion to investors between now and 2015. The stock immediately shot up by more than 4.5% in after-hours trading, but those gains were completely wiped away when CEO Tim Cook announced that
Apple doesn’t have plans to launch any exciting new products until this coming fall. Quite the roller coaster ride, indeed.
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