$6 billion profit on almost $27 billion revenue... that's almost 50% YTD. That's insane. And 62% of that from outside the US.
Say whatever you want about Apple, but they know how to print money.
Say whatever you want about Apple, but they know how to print money.
They can talk dividends when their shares are near Microsoft's level and their product pipeline is less stacked and hype machine is dying.
Buybacks reduce the number of shares outstanding in the market and thereby increase earnings per share, which boosts the share price, rewarding existing investors. So we may see Apple engage in buybacks.
They have made it very clear that they are reserving that cash for a big acquisition. IMHO that means that they are waiting for the moment when someone innovates in a way that threatens them and they can bring the talent and assets aboard. Like the Google process, except you pay with cash.