Apple's Tim Cook sees dividend hikes, calls succession a priority

Apple’s wearable business is thriving

Apple's Wearables Business Revenue Is Fortune 300-Class Company Says Tim Cook

In terms of matters discussed at the meeting, it involves a status report of Apple's corporate activities - usually delivered by CEO, so this year, it's Tim Cook. But didn't giving any other specifics.

"We just finished our best quarter ever in the history of the company", Cook said in a brief question-and-answer session after the meeting.

When prodded on the topic, executives told investors that an update would be coming in April, and that the board was committed to an annual dividend.

Apple's shareholder meeting this week rekindled speculation about how Apple will spend its $285.1 billion cash hoard, which can now be deployed in the a cheaper tax rate. Spotify, the music streaming pioneer that Apple is trying to upstage, has more than 70 million subscribers.

Apple shareholders overwhelmingly approved management proposals and rejected shareholder proposals that the board opposed at its annual meeting, the first held on the company's new campus. But it also has a business-to-business strategy, as its iPad and other devices are also widely-used in the medical community, particularly among doctors.

Canada's Lawes, Morris win mixed doubles curling gold
Team Canada could actually have got more , but Lawes was heavy with her final stone and went right through the house. Canada came a long way since the announcement three years ago that mixed doubles curling would be an Olympic sport.

The hopes for a large dividend increase and a coinciding commitment to buy back large amounts of Apple stock has helped buoy the company's shares.

Prodded by the lower rate on foreign profits, Apple will pay a $38 billion on its repatriated cash and use some of the money to hire 20,000 more USA workers and build a second corporate campus in the country to supplement its sprawling headquarters in Cupertino, California.

At the time, Cook wasn't expressing a belief in the transience of all material things, but addressing the company's mobile payment solution, Apple Pay, which has "an extraordinary future ahead of it", according to Cook.

Apple's earnings could pop as much as 30 percent higher than current estimates - if the company buys back 10 percent of its shares each year over the next several years.

"We are saying we would like to pay (the tax) and for paying we would like to use the residual profits to invest in this country", Cook said.

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