Apple resets clock as investors await next big thing


fundamental concern that has kept the company's once-unstoppable share price in check for over a year: Can Tim Cook pull another gadget out of Apple's hat?

SAN FRANCISCO: Apple Inc just bought itself some much-needed time.

On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected. It threw another US$30bil into an already sizeable stock buyback programme and instituted an 8% quarterly dividend increase to boot.

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Apple , Cook , stewardship , confidence , next product

   

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