Two analysts Wednesday said the company is likely to add up to $100 billion to its buyback authorization next week. Apple AAPL, +3.26% has historically made updates to its capital-return program in conjunction with its March-quarter earnings report.
The company “will likely announce an authorization for $75 billion to $100 billion in buybacks” and a 4% to 7% dividend increase, Evercore ISI analyst Amit Daryanani wrote in a note to clients. He called this “a logical decision given how attractive the current stock price is.”He expects the company will keep its skew toward buybacks given that its large market value makes it difficult for Apple to offer an overly attractive yield.
with
mtaibbi That cash could do so much good right now. This is no good
kerberos007 lol
Will create public anger. I would take the under for now.
Oh boy....here we go again.
paulimeth Criminal
chamath ?
mtaibbi Of course they are! Why not increase value per share while in a global pandemic, especially when you've probably got more than that coming from the govt in essentially free money? This is on you IceCreamQueen SpeakerPelosi! DISGUSTING!!!
mtaibbi Apple is a Chinese company. I will never use Apple iphone.
Thats with bailout money of course.
And how little is their tax bill again? Thanks to corrupt politicians.
👎why don't you invest finding a cure to Corona virus.
Apple should get out of bed with China and move operations back to USA.
How about giving the investors a dividend payment?
with a stock buyback program, does the company basically buy its own shares throughout the year in order to pump up its own stock price? this is the purpose, right?
Why This Recent Rally Is An Opportunity To Trim Positions Ktr8der
Apple has more debt than cash nowadays. Next Blackberry. Just horrible horrible horrible.
Good luck to anyone buying into this! BillWkerbey
I feel a trickle!
Statement made. Tim Cook is a master at efficiency from launching iPhone SE just a month after shut downs to this. Apple won’t have issues anytime soon. The books are beyond good. And once this is over they’ll explode forward just as much as any company.
Did you hear that? SteveJobs just rolled over in his grave. tim_cook the crook. Wasting all the profit generated from stevejobs innovation and pissing it away on stock buybacks. The worst CEOs in the world buy back stock. No vision, no innovation, any idiot can buyback stock.
Just boycott Apple.
Why not if your Apple.... if something goes wrong, we the people will pay for their bailout.
Next year they will require a 100b taxpayer bailout and politicians will gladly hand it to them in the name of saving American jobs
Buy-(Back) Low, as they say. Apple’s cash neutral plan is still on track. Also a dividend increase is likely. -various analysts $aapl