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On Tuesday, Apple sold $17 billion worth of bonds which is a new industry record. Apple issued the bonds to take advantage of low interest rates as it prepares to make a payout of $100 billion to shareholders by 2015.
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The bidding hasn't closed yet, but a charity auction of having a cup of coffee with Apple CEO Tim Cook has attracted offers of more than $600,000. The coffee klatch will take place at Apple's headquarters in Cupertino, Calif. There is no word on whether refills are free.
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Apple says it will pay out $100 billion to its shareholders in stock buy backs and increased dividends by the end of 2015. On Tuesday, the company announced its first profit decline in a decade. Slowing sales of the Apple iPhone are blamed for the disappointing profit results.
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Investors have cooled on the once high-flying tech leader, and its share price has plummeted in recent months.
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Also: Penguin offers to drop Apple ebook deals over European antitrust case; a page out of Thomas Pynchon's latest novel; and a long-overdue apology.
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In an unusual move on Monday, Apple CEO Tim Cook apologized to Chinese customers over the company's warranty policy and vowed to improve customer service in the country.
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The company's long-term position in the smartphone market is complicated because of its historical association with hardware. One analyst says that what really matters to consumers are the software and new experiences.
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Also: Advice on reading Vladimir Nabokov; fresh opportunities for Twitter poetry; and a new literary award.
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The judge took issue with the legal theory the original jury used to reach its decision. The judge ordered a new trial to determine the damages.
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The lawsuit alleged Apple allowed children to make in-app purchases without the consent of an adult. Apple has agreed to give $5 of iTunes credit to about 23 million customers.