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ExclusiveApple announces plans to spend some of its money

Apple, which ended 2011 with almost $100 billion in cash, has announced plans to spend almost half of that money.

Shareholders will receive a quarterly dividend of $2.65 per share during the fourth quarter of its 2012 financial year - and the company also plans to buy back around $10 billion of shares in the 2013 financial year, which begins on 30th September 2012.

ExclusiveLast week at The Fonecast: 19th March 2012

Mark Bridge writes:

Mobile financial services were making the headlines yet again last week. Not once. Not twice. No, we noticed at least three separate (and all pretty big) stories to talk about.

First came Nokia’s planned withdrawal from its mobile money service, which will leave around a million people in India looking for a new mobile wallet.

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