Sagelike Tim Cook Dreams Of Seeing Money Die

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

At the Apple (AAPL +0.9%) annual meeting now in the books, CEO Tim Cook was dismissive of a suggestion that the company use repatriation to get shareholders a special dividend.

Shares of Apple were up 0.1 percent at $162.84.

But, for the first time in Apple's history, the company has had to put a notice on its investor website, explaining "while we appreciate shareholders' interest in attending the meeting, registration has reached capacity and we are not able to accommodate additional requests".

"I don't think it helps the company and probably doesn't help long shareholders either". The CEO said he's "not a fan" of special dividends but said the company's board remains "committed" to annual dividend increases. Spotify, the music streaming pioneer that Apple is trying to upstage, has more than 70 million subscribers.

While Apple Pay has reportedly failed to catch on with the majority of iPhone owners - as humanity does not desperately require yet another way to pay for things - Cook nevertheless expressed his desires to surpass the lifespan of tree-based fiat money.

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The company's 175-acre corporate campus that hosted the shareholders' meeting eventually is expected to be used by around 12,000 company employees.

Apple has been coy on giving exact numbers about adoption of Apple Pay, though the service has regularly gained new features since it was launched in 2014. A further update in December 2017 enabled Apple Pay Cash payments to be made by Apple Watch.

Asked about diversity, Cook said half of Apple's hires past year were either female or underrepresented minorities. Currently, after-hours activity has the Apple stock a little lower.

"This was so bad for America", he said.

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