“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.
Apple tops IBM, sets new record with $16 billion share buyback in calendar third quarter – September 12, 2013
Apple opens bank vault to dole out $100 billion to shareholders; $60 billion in buybacks the largest in history – April 23, 2013