Apple CEO Tim Cook dodges question about dividend increase

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Another scenario is Apple spending between $30 billion and $60 billion per year on share repurchases and combine that with a dividend yield of 3 percent until 2023 - which he says is what Wall Street is now leaning towards.

CEO talked up the company's ambitions in the health-care sector on Tuesday, hinting that it will move beyond wellness apps and devices, like its step-tracking Apple Watch. But he didn't give any other specifics.

But they didn't go into detail, other than noting that CEO Tim Cook is "not really a fan" of special one-time payouts.

When prodded on the topic, executives told investors that an update would be coming in April, and that the board was committed to an annual dividend.

Apple is hoping to gain more ground on Spotify with an Internet-connected speaker called the HomePod.

"On the M&A front we expect Apple to continue its strategy of filling technology or personnel gaps with small tuck-in acquisitions".

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Apple CEO Tim Cook (AAPL) on Tuesday downplayed the possibility that the tech giant could offer its shareholders a special dividend due to recent changes to the USA corporate tax code that allowed companies to repatriate worldwide cash at a lower tax rate, a key provision in President Trump's tax reform plan.

Apple has been coy on giving exact numbers about adoption of Apple Pay, though the service has regularly gained new features since it was launched in 2014.

At the time, Cook wasn't expressing a belief in the transience of all material things, but addressing the company's mobile payment solution, Apple Pay, which has "an extraordinary future ahead of it", according to Cook. For the same quarter, analytics firm Canalys estimated that Apple shipped more Watch units than the entire Swiss watch industry, a first for any wearables company.

"This was so bad for America", he said.

At the meeting in Cupertino, California, Cook said every Apple board meeting in recent years has had succession planning on the agenda for all key executive roles, but he didn't specify any potential successors.

Michael Liedtke is an Associated Press writer.

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