Apple reported its second quarter earnings and announced a $110 million stock buyback program, the largest in U.S. history. Yahoo Finance Sr. Business Reporter Ines Ferré breaks down the crucial factors to know. The segment aired on May 3, 2024.
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What does this mean for stockholders? I had Apple stocks at one point. Sold them with a minor profit. Looking to buy again on a dip.
Doesn’t look good. Warren buffet reduced his stocks by 13%
Don’t sell them.
Apple don’t know what to do with their money. So Apple is buying their stocks back. This good for Tim because he get wealthier.
But this means that apple don’t know where to invest ….
They living only from their sales of current products but they don’t have a vision how to monetarize their future…
On the long run apple is dying slowly like ibm.
If there’s a buyback shareholders get less diluted. Shares on the open market / market cap = stock price. Basically means the stock is going to go up. Put apple in your 401k don’t look at it for 30 years.