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Apple announces dividend and share repurchase program for 2012, expects to spend $45 billion over three years
Surprise, surprise -- Apple just let the cat out of its own bag. In right around a half-hour, the company will officially unwrap plans to initiate a dividend and share repurchase program commencing later this year. 'Course, analysts have been clamoring for such an announcement for quite some time, and with a stock price near $600 and some $100 billion in the bank, the outfit can clearly afford it. More specifically, Apple plans to "initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012." Granted, that's all subject to the Board of Directors giving the ole a-okay, but we highly doubt the company would issue such knowledge without a practical guarantee that everyone is on board. Additionally, the Company's Board of Directors has authorized a $10 billion share repurchase program commencing in the Apple's fiscal 2013, which begins on September 30, 2012; we're told that said program will be executed over three years, with the main goal being to "neutralize the impact of dilution from future employee equity grants and employee stock purchase programs."As for CEO Tim Cook's thoughts on the matter? "We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You'll see more of all of these in the future. Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program."Naturally, this all shows that Apple is supremely confident in its future, but it doesn't shed any light into potential acquisitions from a technology standpoint. Strangely enough, it was just a few days ago that Mr. Cook ended his new iPad keynote with a promise that 2012 would be chock full of unbelievable things from his company, but it sounds like the only folks celebrating this particular announcement are those with a hand in the stockpile. We don't expect to glean much more than what's given in the presser just past the break, but we'll be liveblogging the actual conference call starting at 9AM ET.
Best Buy Buy Back becomes official, free through February 12th
Best Buy's gadget repurchase program has become official during the Super Bowl, courtesy of a silly commercial starring Ozzy Osbourne and Justin Bieber. The ad's actually a lot less cringe-inducing than it might have been, though the content of the program still doesn't seem to make much fiscal sense to us. You have to buy into it at the time of purchasing a gadget -- that requirement is set aside until this Saturday as a sort of grace / enticement period -- and Best Buy depreciates at a very aggressive annual rate, arguably cutting more of your trinkets' value than the incumbent options like online auction sites. Skip past the break to see the two gentlemen at opposite ends of their careers selling their souls to the almighty dollar, along with Best Buy's full press release and Buy Back Program details.
Wii Warm Up: Virtual Console replay
The recent release of Zelda: A Link to the Past exemplifies a dilemma facing many gamers. LttP is a brilliant game, no doubt. But with it being one of the best selling SNES games of all time, as well as having a rerelease on the GBA a few years back, many gamers are in possession of the game already.What is it worth to gamers to be able to play games they already own in a convenient fashion, in (perhaps) 480p, without having to hook up an out-dated console? Is it worth giving up the original control scheme? Have you yourselves purchased a game you already own? Let's hear it!
Engineering the DS Lite: 2 Nintendo hardware vets speak
Ever wonder what decisions go into a hardware redesign? Thanks to the latest edition of Nintendo's Japanese online mag, we finally get a portable peek into the DS Lite.Two Nintendo engineers who worked on the cuter DS sibling reveal how they pulled off the svelte new look while maintaining things like usability, battery life, and cost.Who knew that the new stylus was made "longer and wider to accommodate older users" (the Brain Age demographic who'd taken such a shine to the now shinier little system)? Durable, reliable hardware: it's what Nintendo does best. Let's hope they continue that trend with the Lite, as well as whatever other slicker iterations of the handheld that we're tempted to purchase -- or repurchase -- in the future.[Thanks, Princess Zelda; also via DS Fanboy]See also: Nintendo DS proven toilet-safe Playstation 2 goes silver (redux)
