51–60 of 82 posts
$100 billion buyback? I thought cash repatriation was supposed to lead to an explosion of onshore investment.
I'm kind of thrilled to see Mac revenue flat and unit sales down 3%. I was really worried that these keyboard problems wouldn't have any effect on the bottom line and give them an excuse to ignore it; hopefully this is setting off alarm bells and getting them to see that, yes, it really unacceptable and needs to be fixed.
Some scale for the new $100b buyback program... Larger than the market cap of all but 51 of the S&P 500 (with one of those being Apple!). That's nuts!
Are there any risks with such a huge buyback in 2019 to 2020 in a mature smartphone market and in the absence of other growth drivers next to iPhone??
[Remember, the objective of stock buybacks is to buy back shares on the open market and retire them, increasing the % ownership of each shareholder (and thereby the intrinsic value of the security) correspondingly].
[[Or you can view it as the company holding the shares for the shareholders, mathematically it's the same]]
One thing that is consistently amazing is how accurate Apple's guidance is. Horace Dediu: "How accurate is Apple’s Guidance? Over the last 23 quarters the average error has been 2.63% (measuring from top of guidance range)." [0] [0] - https://twitter.com/asymco/status/991345104848867333
Earlier quoted context omitted.
Are there any risks with such a huge buyback in 2019 to 2020 in a mature smartphone market and in the absence of other growth drivers next to iPhone??
They have the cash and people generally invest in AAPL for reasons other than having a stake in a bond fund, so it makes some sense. Buybacks vs special dividend are debatable, but impossible to say what is better until you see the future share price. They did hike the dividend substantially too so they're playing both angles.
I'm kind of thrilled to see Mac revenue flat and unit sales down 3%. I was really worried that these keyboard problems wouldn't have any effect on the bottom line and give them an excuse to ignore it; hopefully this is setting off alarm bells and getting them to see that, yes, it really unacceptable and needs to be fixed.
I hope that's Apple's response too. But I fear they might just conclude to that their expertise is in cell phones and they shouldn't invest too much in laptops after all. Maybe introduce some more gimmicks and see if anything sticks. I really hope I'm wrong. I'd love to see an MBP I could get excited about.
One thing that is consistently amazing is how accurate Apple's guidance is. Horace Dediu: "How accurate is Apple’s Guidance? Over the last 23 quarters the average error has been 2.63% (measuring from top of guidance range)." [0] [0] - https://twitter.com/asymco/status/991345104848867333
[1] https://www.bloomberg.com/news/articles/2018-04-30/apple-res...
Earlier quoted context omitted.
2. No, iOS people are not switching. They are staying but not buying newer models due to lack of innovation. Personally I would never switch to the cesspool named Android. Laggy, malware infested garbage
> Laggy At least Google isn't making your phone laggy on purpose! (too soon?) Joking aside, there are a lot of sketchy, crappy Android devices, but there are also some decent ones (e.g. straight from Google). I suspect you've only been exposed to the crappy ones.
Android OS is horrible because it's always different. From release to release. From phone to phone. Everyone has their own little tidbit to add and makes it non uniform.