Another issue, is Tim not thinking at all??
Apple decided to grant dividends - a no brainer given that the cash balance was becoming a liability "risk" to manage and so far exceeded any possible needs for business purposes. Start returning the $$ to the investors - got it.
This last fiscal quarter Apple announced another small dividend ($2.65/share on a stock price around $600) - a paltry 1.7%.
That same quarter Apple put another $6,000,000,000 into their cash balance net of another dividend. Their cash balance is growing waaaaaaay beyond the dividend payments.
Their will be a stock repurchase as well - but the investors deserve a larger portion of that cash balance.