“Apple Inc. could boost its stock buyback plan when it reports results next week, as the tech giant’s shareholders ‘are looking for Apple to provide a framework and commitment for capital return,’ Bernstein Research said Wednesday,” Benjamin Pimentel reports for MarketWatch.
“Analyst Toni Sacconaghi said he expects the iPhone maker to increase ‘its commitment to its existing buyback program,'” Pimentel reports. “He told clients in a note, ‘We believe that Apple may add $30 billion to its current repurchase plans through year end calendar year 2015.'”
Read more in the full article here.
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Buybacks soon Apple will be a private company and will be able to do what it wamts. It wont have to answer to wall Street or the stupid Analysts
Fantastic!.
Investors have faith in Apple regardless what Wall Street thinks.