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Apple Reports Second-Quarter Results

Apple has announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue. “We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”





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Apple Expands Capital Return Program to Over $130 Billion and Announces Seven-for-One Stock Split

Apple has announced that its Board of Directors authorized another significant increase to the company’s program to return capital to shareholders. The company expects to use a total of over $130 billion of cash under the expanded program by the end of calendar 2015. As part of the program, the board has increased its share repurchase authorization to $90 billion from the $60 billion level announced last year. The board also approved an increase to the company’s quarterly dividend of approximately 8 percent and has declared a dividend of $3.29 per common share, payable on May 15, 2014, to shareholders of record as of the close of business on May 12, 2014. The Board of Directors has also announced a seven-for-one stock split. Each Apple shareholder of record at the close of business on June 2, 2014, will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014.





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Apple Outlines Progress of Environmental Efforts

To coincide with Earth Day, Apple has launched an entirely new version of its Environmental Responsibility website. The site outlines how the company is reducing its impact on climate change, using greener materials, and conserving resources. A video narrated by Apple CEO Tim Cook explains that the philosophy behind the company’s green efforts is the same thing that drives everything Apple does — the desire to do better. In a letter on the site, Lisa Jackson, Apple’s Vice President of Environmental Initiatives, concludes, “At Apple, we continue to put nature at the center of our business and design principles. We promise to keep you updated on our journey.”





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Next-Generation Hearing Aids Tune In to iPhone

Re/code writes about the benefits of Made for iPhone hearing aids for people such as 29-year-old Dusty Dorey, who enjoys visiting his local pub where his hearing aid automatically compensates for the noise levels inside. The article describes the built-in accessibility features in iOS that allow people with hearing loss to enjoy listening to music or conversing with Siri. Dorey tells Re/code, “I didn’t think about it until I turned on turn-by-turn navigation and it started going into my hearing aids. Having it pipe directly into your ears is awesome.”





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Using Tablets to Reach Kids With Autism

CNN describes how iPad devices are helping autistic children learn communication and social skills. The article features an app called Flummox & Friends, created by Christa Dahlstrom, who was inspired by her autistic son to create a fully scripted TV show for iPad that “aims to educate children by being entertaining, not condescending.” Dahlstrom notes, “We’ve really started to see children’s media migrate from the TV screen to the iPad.” CNN also highlights a speech therapist who uses iPad to help kids connect socially and a parent whose son uses iPad in a way that helps him “break complex concepts up into more easily understandable chunks.”





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