Apple has no immediate need for debt financing. There is no acquisition or threats that Apple is to be acquired. Why borrow when you do not need it? Stay debt free. Use the money some other way. Do not pay people just to buy your stock and weaken the company. So easy to squander cash than to accumulate it.
Agree. They could at least (at minimum) increase the dividend. Even MSFT gave a nice special dividend a few years ago. I don't know if anyone remembers that. A 3.5% dividend is about standard for a special divy! I am kinda peeved that Apple didn't do something before year-end 2012 as far as a special dividend. They have enough cash for that use plus R&D! Considering the loss of shareholder value the last 3 months for Christ's sakes Tim! Look at how the insiders sold at the top (Bruce Sewell, etc.) Those guys got millions of dollars from the til!