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FiveHundredCents wrote a post · Apr 13, 2022 03:40

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.
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FiveHundredCents
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