MARKET CURRENTS
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- Monday, February 13, 9:54 AM Apple (AAPL) shares pass $500 for the first time in its history, rising 1.5% to $500.55. The company's now worth $466.28B, well above Exxon's $398.03B.
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IF IT AINT BROKEN LEAVE IT ALONE, DON'T TRY TO FIX IT.
By his own admission, the CEO said that Apple certainly has no need to carry such a large sum of cash, so I do believe we will hear about Apple's plans for that money tomorrow.
As with every other plan that Apple's developed (at least in the recent past) I'm sure it will be very solid and will result in increased share value.
1. one time special dividend- approximately 100 USD (this would give all their shareholders who have been loyal a lot to rejoice) also eqvivalent to their US excess cash balance
2. Issue a dividend in the range of 2-5% which would amount to 20-50 USD which would also pacify shareholders
3. Do nothing which would also be business as usual.....