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is made possible by: captioning sponsored by wpbt susie: good evening, everyone. tom hudson will be along a little later in the program. no dividend for apple shareholders. investors were hoping that apple would announce today its first ever dividend payment at its big annual meeting. with apple sitting on $100 billion in cash, shareholders have been clamoring for a dividend. this was the first question from the floor to c.e.o. tim cook at the meeting held at the company s headquarters in cupertino, california. cook responded we rehinkin ry deeplabout the question. the board wants to do what s best for shareholders. please have patience. looks like investors are holding out apple shares surged almost $4, closing at $516.39. susie: our guest tonight thinks apple stock could hit $585 this year. he s scott sutherland, research analyst covering wireless for wedbush securities. scott, nice to you have with us. great, thanks for having me, susie. susie: so what is holding
captioning sponsored by wpbt susie: good evening, everyone. tom hudson will be along a little later in the program. no dividend for apple shareholders. investors were hoping that apple would announce today its first ever dividend payment at its big annual meeting. with apple sitting on $100 billion in cash, shareholders have been clamoring for a dividend. this was the first question from the floor to c.e.o. tim cook at the meeting held at the company s headquarters in cupertino, california. cook responded, we re thinking very deeply about the question. the board wants to do what s best for shareholders. please have patience. looks like investors are holding out apple shares surged almost $4, closing at $516.39. susie: our guest tonight thinks apple stock could hit $585 this year. he s scott sutherland, research analyst covering wireless for wedbush securities. scott, nice to you have with us. great, thanks for having me, susie. susie: so what is holding apple back