Bigger share of the pie

Apple’s tight grip on its cash, along with a lack of trail-blazing new products, has been blamed for the steep fall in its stock price, prompting the tech giant to promise shareholders $100bn, writes Peter Svensson.

APPLE is opening the doors to its bank vault, saying it will distribute $100bn in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years.

Apple CEO Tim Cook also suggested the company won’t release any new products until autumn, contrary to expectations there would be a new iPhone and iPads out this summer.