After declaring a $2.65 quarterly dividend, as well as implementing a $10 billion stock repurchase program, Apple plans to spend approximately $45 billion of the $100 billion that they have socked away in cash reserves over the next 3 years. However, analysts predict that Apple could potentially generate roughly $35 billion in cash by the end of the next fiscal year.
GIVERS: best breakout band from the past couple of years at SXSW.
Since I’m no longer an 18-year old music mega fan, I’m a little behind on this band, but in my opinion, this is the best new group of the past 2 years. This week, they continued the rapid expansion of their fan base at SXSW in Austin.