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Apple Moves To Win Back Investor Confidence

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Apple Moves To Win Back Investor Confidence

Business

Apple Moves To Win Back Investor Confidence

Apple Moves To Win Back Investor Confidence

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  • <iframe src="https://www.npr.org/player/embed/178753567/178753548" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Apple says it will pay out $100 billion to its shareholders in stock buy backs and increased dividends by the end of 2015. On Tuesday, the company announced its first profit decline in a decade. Slowing sales of the Apple iPhone are blamed for the disappointing profit results.

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STEVE INSKEEP, HOST:

How you like them apples? Apple is at the start of our business news.

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INSKEEP: As it so often is. Apple is saying it will pay out $100 billion to its shareholders in stock buybacks and increased dividends by the end of 2015. This move is seen as an effort to win back investor confidence after the company announced its first profit decline in a decade. Slowing sales of the Apple iPhone are blamed for the disappointing profit results.

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