Apple adds $55 billion to shareholder payout

The Financial Times reports Apple shareholders are in for a $55 billion payout over three years, a hefty addition to the $45 billion the tech giant previously agreed to.

Read: Apple shareholders want more of the pie

“The move is a further break from co-founder Steve Jobs’ preferred policy of holding on to as much capital as possible. It comes as chief executive Tim Cook, under pressure from activist investors as iPhone growth slows, tries to assure shareholders and customers that Apple has lost none of its magic touch,” the report says.

Read more here.

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