Apple CEO Tim Cook has reportedly sold five million shares worth roughly $750 million currently. The shares are part of his compensation package when he signed on as Apple's CEO in 2011.
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Microsoft's board approved a dividend rate of $0.31 per share, an amount equal to last quarter's payout. It's been a great fiscal year for the company so high dividend were expected by investors.
Microsoft has announced that they will be repurchasing $40 billion dollars worth of stock and will increase the dividend the company is paying out by 22% which will appease many shareholders.
Developers received a handout of $8 billion, up from $6.5 billion three months ago which netted Apple around $3.5 billion in revenue and continues to show that iOS is a profitable platform for devs.
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