“The company to announce an increase in the buyback by $70B over the next 3 years, a 15% dividend increase, and a one-time cash dividend of about $12B,” Munster writes. “Mar-18 iPhone units of 53m, in line with the Street, and Services growth consistent with last quarter at 18%, also in line with the Street.”
“The Apple story is intact. Near-term, investor optimism will rise going into the summer as anticipation grows ahead of 3 new iPhones in the fall,” Munster writes. “Long-term, Apple’s loyal active base of ~800m iPhones should yield a predictable 215-225m in annual iPhone unit sales that will drive Services growth of 13-15%.”
Much more in the full article – recommended – here.
MacDailyNews Take: Beyond the “one-time cash dividend of about $12B,” about which we’re unsure given Cook’s past comments regarding special dividends, it all sounds perfectly reasonable.
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Apple’s iPhone captured 86% of global handset profits in Q417; iPhone X alone took 35% of global handset profits – April 17, 2018
Apple’s iPhone X is the UK’s most popular smartphone – April 9, 2018
Apple to release Q218 earnings, webcast live conference call on May 1st – April 3, 2018