The company boosted its quarterly dividend and alloted more cash to buybacks, announcing plans to borrow funds for what it called the largest share-repurchase program in history. Apple will have returned $100 billion, including past buybacks and dividends, through 2015, the Cupertino, California-based company said yesterday in a statement.
Chief Executive Officer Tim Cook said new products will come later this year and in throughout 2014, and he's using more of the company's $145 billion in cash and investments to reverse the slide that erased almost $280 billion in market capitalization since September. Concerns that Apple's growth pace is slowing were reinforced by a forecast for narrowing gross margins and sales this quarter that may miss analysts' predictions by as much as $4.9 billion.
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