Apple Could Announce a New $80-90 Billion Stock Buyback Plan and Raise Dividend by 5-10%
$Apple(AAPL.US$ could announce an incremental stock buyback of $80-90 billion this month, according to Citi analyst Jim Suva.
Apple spent roughly $81 billion in the last 12 months on buying back its shares, Juva adds. Furthermore, the Cupertino-based titan could also raise its dividend by 5-10%, Citi analyst said.
As far as fundamentals are concerned, Suva sees several positive drivers for Apple‘s products and services.
“While supply chain headwinds are likely to linger, we see demand driven by mix shift away from lower priced Android phones towards more mid end and premium pricing products. We note recent media news of production cuts is nothing unusual at this point in the product cycle given Apple tends to overshoot on build estimates to ensure sufficient supply,” the Citi analyst wrote in a client note.
Apple spent roughly $81 billion in the last 12 months on buying back its shares, Juva adds. Furthermore, the Cupertino-based titan could also raise its dividend by 5-10%, Citi analyst said.
As far as fundamentals are concerned, Suva sees several positive drivers for Apple‘s products and services.
“While supply chain headwinds are likely to linger, we see demand driven by mix shift away from lower priced Android phones towards more mid end and premium pricing products. We note recent media news of production cuts is nothing unusual at this point in the product cycle given Apple tends to overshoot on build estimates to ensure sufficient supply,” the Citi analyst wrote in a client note.
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Mario Timberlake : I'd much prefer a bigger dividend raise than so much money in stock buybacks.
junclj1223 Mario Timberlake: Share buyback is better, it will increase stock value. Dividend income is taxable, not much left after deducted taxes. Share buyback will benefits the long term investors as long term investors are only focusing on the CAGR.
美股小旋风 : Just give shareholders one frame of Mac studio.
FiveHundredCentsOP Mario Timberlake: hahahaa
FiveHundredCentsOP junclj1223: LONG AAPL!
FiveHundredCentsOP 美股小旋风: lol, since Mac studio are sent, why not send a full set of products?
Mario Timberlake FiveHundredCentsOP:
Mario Timberlake junclj1223:
美股小旋风 FiveHundredCentsOP: People should be contented.
FiveHundredCentsOP 美股小旋风:
