Apple to Hand Back $100 Billion to Shareholders

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Apple’s shareholders could receive around $100 billion in a payout from the tech giant as it brings back hundreds of billions of cash to the US from overseas.

According to a recently published Financial Times report,  the Cupertino-based tech giant is to increase its capital returns scheme to coincide with its latest quarterly earnings briefing.

It is widely believed by analysts that the company will hand over billions of dollars worth of dividends and share buybacks over the next few weeks.

By expanding this scheme, Apple will attempt to convince investors that business is doing well amid claims that iPhone sales are beginning to decline.

Following corporation tax cuts unveiled by President Donald Trump in February, Apple announced that it would transfer $250 billion of cash stored abroad to the US.

At the time, CEO Tim Cook said: “Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy.”

“We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness.

“We have a deep sense of responsibility to give back to our country and the people who help make our success possible.”

Having announced its share buyback scheme in 2012, the company has provided investors with up to $50 billion of capital returns annually.

Analyst firm Morgan Stanley believes that Apple could increase the scheme to $150 billion this week. “This would imply Apple repurchases $210 billion in shares and pays $52 billion in dividends over the next three years,” it said recently.

The news comes as the firm recently signed an agreement with the Irish Government to begin paying €13 billion in back-taxes in May, following a ruling that was made by the European Union nearly two years ago.

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