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"I believe the iPad is an extremely good business over the long term," Cook said. "When precisely it begins to grow again, I wouldn't want to predict, but I strongly believe that it will."Apple introduced its newest tablets -- the iPad Air 2 and the iPad Mini 3 -- in October, but analysts said their incremental changes, including faster processors, weren't enough to attract buyers. The company, which has long claimed iPad weakness is a "speed bump," is now counting on a partnership with IBM to increase iPad sales to business users.

At the same time, Mac sales have been strong, Apple sold 4.6 million Macs, up from 4.1 million a year ago, The company introduced its iphone case holder newest MacBook earlier this month, The device, Apple's thinnest and lightest computer yet, adds gold and space gray options to the traditional silver finish, Analysts expect the device to start helping Mac sales in the current quarter, Gross margin grew to 40.8 percent from 39.3 percent in the year-ago quarter, Analysts had projected 39.6 percent, Apple's gross margin, a measure of sales after removing costs like manufacturing, has fallen since its high of 47.4 percent in early 2012 as customers opt for lower-cost devices..

For the fiscal third quarter, which ends in June, Apple projected revenue of $46 million to $48 million, largely in line with the $47.09 billion forecast by analysts, according to Thomson Reuters. Apple typically forecasts lower sales than analysts estimate. Along with reporting strong results, Apple boosted its dividend to 52 cents from 47 cents a share and increased the amount of cash it's returning to shareholders to $200 billion by March 2017. It previously said it would pay $130 billion to shareholders by the end of 2015.

Apple has been taking steps to return more cash to shareholders since Cook took over as CEO, A year ago, Apple announced it would give investors six additional shares of stock for every Apple share they owned as iphone case holder of June 2, 2014, Because of the split, shares now trade at a much lower level than in the past -- around $100 instead of $600 -- but it also makes the stock more accessible to investors, Still, some investors, such as Carl Icahn, have asked for Apple to distribute even more of its massive cash hoard to shareholders..

Also, will Apple be one of Jay Z's 99 problems? Apple could come out with its own paid streaming service to challenge Jay Z's Tidal -- which the rapper and business mogul has been defending on Twitter. Tidal has been attacked by critics since it launched less than a month ago. Jay Z tweeted that the streaming service has more than 770,000 subscribers and needs time to grow to take on the competition, like Spotify. CNET Update delivers the tech news you need in under three minutes. Watch Bridget Carey every afternoon for a breakdown of the big stories, hot devices, new apps, and what's ahead. Subscribe to the podcast via the links below.

iTunes (HD) | iTunes (SD) | iTunes (HQ) | iTunes (MP3), RSS iphone case holder (HD) | RSS (SD) | RSS (HQ)| RSS (MP3), Download the audio version of today's episode, Apple passes on gas gags for the smartwatch, as Discover cards join the Apple Pay service, Meanwhile, Jay Z takes to Twitter to defend his Tidal music streaming service, Some apps just won't cut it for the Apple Watch, Those still waiting for an Apple Watch shouldn't hold their breath for a fart app, But in the fall, you will be able to use Apple Pay with a Discover card..

Ratan Tata, chairman emeritus of Tata Sons, the holding company for India-based conglomerate Tata Group, has made an investment in Xiaomi, the China-based handset maker announced Monday. Terms of the deal were not disclosed, but Xiaomi closed a $1.1 billion funding round in December at a $45 billion valuation. Given the valuation, it's unlikely that Tata's investment was sizable enough to give him a large equity stake in the company. "Xiaomi is one of the fastest-growing companies in the world," Ratan Tata said in a statement. "It has brought its innovative business model and high-quality products to India with huge success."His investment could be more important from a public relations perspective than from a cash perspective. Indeed, Xiaomi founder and CEO Lei Jun eschewed all mention of what the company would do with the cash, saying instead that Tata's investment "is an affirmation of the strategy we have undertaken in India so far."Last week, Xiaomi unveiled a flagship smartphone for India, called the Mi 4i. The device, which comes with a 5-inch screen and octa-core processor, is widely viewed as a key first step in Xiaomi's self-professed plan to become the most dominant smartphone maker in the emerging India market. At the end of the fourth quarter, Xiaomi was ranked the fifth-largest smartphone maker in India. Samsung was tops.

The Tata name carries significant weight in India, and having Ratan Tata on Xiaomi's iphone case holder side could help the company and its smartphone gain more traction in the country, Tata Group, which had $103.3 billion in revenue last year, is a massive conglomerate, The company, which has over 581,000 employees, competes in a range of industries, including communications, technology, engineering, steel and chemicals, It's one of the most well-known companies in India and a prominent player in several industries globally..