Apple CEO Tim Cook commits to annual dividend raise

Chief Executive Tim Cook said on Friday Apple Inc is committed to raising its dividend annually, a move designed to please investors but also a sign the world's most famous technology company may no longer be a growth stock. As concerns mount that growth in sales of iPhones may have peaked, major U.S. growth mutual funds have been among the largest sellers of Apple shares over the past six months or so, fueling speculation that the company’s days of supercharged growth have come to an end.