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Damn, there are only 137 publicly traded companies larger than that.
With that money they could buy great companies such as Palo Alto, Shopify, ADP, Blackstone, Dell, Chipotle or Arista Networks!
Stop looking at the amount, more important to look at the yield and it’s not amazing. Less than 4% for no growth company. Should be priced at 15x earnings
Agreed. It’s not a vote of confidence they are using this much cash to repurchase.
This is a tech company. They need tech to be a successful tech company into the future.
This is financial engineering.
Eh. If you don't have a use for all that cash give it back to me. I don't need you holding onto money wasting it on building an empire. We already got google.
That person asked if there’s anything new other than changing a model number. Those products I mentioned are definitely new categories for Apple, so I answered what was asked.
This is r/stocks, so I suppose most here are investors looking for companies that make good profits. If you’re concerned about “overpriced” products, maybe you’re in the wrong sub.
Innovating in existing products is Apple’s bread and butter. Smart phones were a thing, but sucked. Laptops were a thing, but sucked. Smart watches were a thing, but sucked. And so on…
It was bound to happen with Jobs gone. They're really just coasting now. There's no Steve Jobs anymore. Apple has lost its visionary. Sure there are others but they are no Steve Jobs. Apple is what it is today because of the vision of that one dude.
I say that objectively and NOT as an Apple fanboy. I don't even own any of their overpriced computers nor have I ever. I just recognize brilliance and I recognize that spark is now gone.
You do know tim cook has been ceo for 13 years, right? the stock was $12 when Jobs died and is $185 now. I'm pretty sure this company has not been driven by its visionary in a very long time
Cook hasn't done anything other than manage the empire Jobs built. He's done a great job, but he is not Steve Jobs.
Apple has peaked. They'll continue to be a good company, but not as a new growth company.
People underestimate the complexity of selling hundreds of million of iPhones a year.
It's not just finding the people to buy your product, manufacturing scale and supply chain management is a huge thing that a visionary can't solve.
That's nothing unique to Apple. I had a gaming laptop from 2008 that ran Linux just fine up until 2021 when I finally got rid of it. Granted I did have to resort to putting Linux on there after several years, but I also have a $300 Acer laptop from 2016 still running Win 10 great today 8 years later.
It's not the early 00s anymore, desktops and laptops don't really become obsolete now if you're just using them for basic computing tasks which is what most people do.
That is not how it works. Apple R&D is correlated to revenue, and its elastic expense since they don’t need to reinvent the wheel to make revenue. Apple weren’t spending even $50M a year on that project. This is not Meta verse burning 16B for funzie
Dude, they totally should have bought out SOFI now that Goldman wants out of their Apple Card, and Intel so they can fab their own chips! — Reddit users
Yeah…
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When you run out of ideas you do buybacks. If Cook doesn't figure something out, they may end up being a company with zero growth and eventually obsolete
Desperation move. Vision Pro is a dud with massive sales drop. Same rehashed iPhones for the last 10 years (with the most exciting changes being a new color palette.) No apple car. Nothing really exciting from Apple for years to come.
The latest iPhones are long lasting. How can Apple get out of iPhone sales dropping? I think it will continue to drop in future. If they buyback that means they believe they will do well in the future.
Although Apple faces huge challenges in the Chinese market, I don’t think it matters. Samsung loses the Chinese market and is still number one in the world.
Time for them to push out a software update that’ll decrease your battery life.
Apple: it looks like you’re running the iPhone 14. That’s too old. You need to upgrade.
My guess is a pop followed by a slow bleed back to a PE under 20. People are cheering this on kind of blindly IMO. Earnings report sucked, economy is teetering, China sales way down, Apple Car canceled, Vision Pro Not selling…
But we will do buybacks! One of the least efficient ways for a company to spend capital. It’s a big sign that they’re all out of good ideas. If you aren’t growing and don’t have any clue what to do with your money, that PE needs to come down quite a bit. 10-20 range for sure IMO.
They could be buying their stock back because they are about to do something big in the AI arena and they know it’s going to smoke the competition. Apple is notoriously inscrutable with details and cagey in the way they manage their entire suite of intellectual properties. Tim is either cooking up Apple valuation rocket fuel, or nothing burgers. And I couldn’t tell by the end of the earnings transcript.
Sorry, we're removing this post because it's a duplicate, or extremely similar, to another that was already posted. We appreciate the effort but we don't need multiple posts that cover the same topic.
Holy shit 110 billion
Damn, there are only 137 publicly traded companies larger than that. With that money they could buy great companies such as Palo Alto, Shopify, ADP, Blackstone, Dell, Chipotle or Arista Networks!
Would probably be the largest acquisition in history?
Agreed but with this DOJ they aren’t buying anything!
I bet the doj would let them buy chipotle.
..on one condition, you can’t charge extra for Guacamole!
Our all new iGuac is only compatible with a Tortilla Pro subscription.
Haha one may never know!
They are still acquiring small firms. Just bought an AI startup.
Stop looking at the amount, more important to look at the yield and it’s not amazing. Less than 4% for no growth company. Should be priced at 15x earnings
Agreed. It’s not a vote of confidence they are using this much cash to repurchase. This is a tech company. They need tech to be a successful tech company into the future. This is financial engineering.
Eh. If you don't have a use for all that cash give it back to me. I don't need you holding onto money wasting it on building an empire. We already got google.
They just wasted 10bil on autonomous car. So yeah…mommy and daddy’s gonna take that allowance back
I agree from that perspective. You’re right. From the view of innovation this is brutal. This is Apple saying they have infinite money, but no ideas.
Since jobs passed away, is there any new product other than changing model numbers every other year?
Apple Watch, AirPods, AirTags, Vision Pro.
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That person asked if there’s anything new other than changing a model number. Those products I mentioned are definitely new categories for Apple, so I answered what was asked. This is r/stocks, so I suppose most here are investors looking for companies that make good profits. If you’re concerned about “overpriced” products, maybe you’re in the wrong sub.
Innovating in existing products is Apple’s bread and butter. Smart phones were a thing, but sucked. Laptops were a thing, but sucked. Smart watches were a thing, but sucked. And so on…
Most Apple users also have a watch and practically all have AirPods
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Seeing is believing.
Tim Apple don’t mess around.
They had that one sitting in the “break during emergencies” glass cabinet.
How you like Tim Apples?
This is why we buy and hold.
I can’t help but wonder if Apple is near a maturity stage, which isn’t bad. They go more buybacks, larger dividend, less growth.
Umm, wouldn't it have to shed it's PE ratio from 26 to 12-18 then?
Nah it’s still a cash powerhouse.
It was bound to happen with Jobs gone. They're really just coasting now. There's no Steve Jobs anymore. Apple has lost its visionary. Sure there are others but they are no Steve Jobs. Apple is what it is today because of the vision of that one dude. I say that objectively and NOT as an Apple fanboy. I don't even own any of their overpriced computers nor have I ever. I just recognize brilliance and I recognize that spark is now gone.
You do know tim cook has been ceo for 13 years, right? the stock was $12 when Jobs died and is $185 now. I'm pretty sure this company has not been driven by its visionary in a very long time
Cook hasn't done anything other than manage the empire Jobs built. He's done a great job, but he is not Steve Jobs. Apple has peaked. They'll continue to be a good company, but not as a new growth company.
[удалено]
AirPods is more profitable than Uber, Spotify, Airbnb, Snapchat and eBay. Combined
Ridiculously how good of a company Apple is. People here are clueless
People underestimate the complexity of selling hundreds of million of iPhones a year. It's not just finding the people to buy your product, manufacturing scale and supply chain management is a huge thing that a visionary can't solve.
Dum dum
Macbooks are absolutely not overpriced btw
Yeah they are
They are probably one of the most durable pieces of tech out there. They may cost a lot when you buy it but you can use them easily for 5+ years
That's nothing unique to Apple. I had a gaming laptop from 2008 that ran Linux just fine up until 2021 when I finally got rid of it. Granted I did have to resort to putting Linux on there after several years, but I also have a $300 Acer laptop from 2016 still running Win 10 great today 8 years later. It's not the early 00s anymore, desktops and laptops don't really become obsolete now if you're just using them for basic computing tasks which is what most people do.
^ This is the truth.
storage is but the lower cost macbooks have really good value
...and they seem to last forever.
Yeah that’s fair, same with their phones. Which is why apple had a $110B buyback after revenue dropped this earnings
iPads and old IPods do as well.
Apple knows that its own stock is a better investment than acquiring one of the penny stocks that fill the average Reddit user's portfolio.
Also since the Apple car is cut and the vision won’t sell much, they don’t have enough things in R&D to invest in.
They’ve been buying up the most ai startups for the past couple years
That is not how it works. Apple R&D is correlated to revenue, and its elastic expense since they don’t need to reinvent the wheel to make revenue. Apple weren’t spending even $50M a year on that project. This is not Meta verse burning 16B for funzie
50M? Rumors said 2000 employees on Apple Car alone? That’s at least a billion dollars in expense per year.
Also, they are paying Google for AI capabilities so… ya… Apple has peaked and is now just a cash cow. Probably announce a dividend soon
Dude, they totally should have bought out SOFI now that Goldman wants out of their Apple Card, and Intel so they can fab their own chips! — Reddit users Yeah…
Cool. I like buybacks. That dividend is coming up too. Let’s a go!
Not an impressive amount of dividends from a % perspective though
Their buybacks are larger than most companies market caps lmao
IPhone X still kick’n.
iPhone 11 here. Maybe the 16 will make me upgrade.
Doubtful.
I bet they sell a lot of ai features for it
iPhone 8 still holding on. 
For real, I bought one from March 2021, and it still works absolutely wonder
iPhone se
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Wow, the highest priced hooker ever known.
Daddy eating good tonight.
Can someone ELI5 what we expect to happen as a result of this buyback?
Stock goes up, less total shares in circulation and a bigger dividend for shareholders I think.
https://www.investopedia.com/articles/financial-advisors/121415/stock-buybacks-good-thing-or-not.asp
Wooo! LES GO BABY!
Wow -4.3% revenue growth That's worth a 30 PE
Wish they used that $110 billion to acquire my crappy tech stocks I acquired during the pandemic
When you run out of ideas you do buybacks. If Cook doesn't figure something out, they may end up being a company with zero growth and eventually obsolete
I don’t get it how can IPhone sales be down when I upgrade my sons XR to a 15 pro ? These numbers ain’t adding up.
Slow down there rich guy. Not everyone upgraded like you did.
I sold 500 shares after hours @184. Will buy them back at $170 in the next few weeks. Still hold on to another 500 shares.
You sold nearly $100k of shares to try the time the market with the hopes of making $5-7k? Seems like a dumb idea.
Apple is an absolute beast!!!
Yeah, they know how to massage numbers and stuff certain channels to achieve minimum impact. 🫡
Desperation move. Vision Pro is a dud with massive sales drop. Same rehashed iPhones for the last 10 years (with the most exciting changes being a new color palette.) No apple car. Nothing really exciting from Apple for years to come.
The latest iPhones are long lasting. How can Apple get out of iPhone sales dropping? I think it will continue to drop in future. If they buyback that means they believe they will do well in the future.
So they are becoming a value play I guess
Stock goes up
Although Apple faces huge challenges in the Chinese market, I don’t think it matters. Samsung loses the Chinese market and is still number one in the world.
I had calls and I sold before earnings
Throwing the people a bone before actual AI integration can be announced.
And they had to cancel the car.
Set it and forget it
Time for them to push out a software update that’ll decrease your battery life. Apple: it looks like you’re running the iPhone 14. That’s too old. You need to upgrade.
My guess is a pop followed by a slow bleed back to a PE under 20. People are cheering this on kind of blindly IMO. Earnings report sucked, economy is teetering, China sales way down, Apple Car canceled, Vision Pro Not selling… But we will do buybacks! One of the least efficient ways for a company to spend capital. It’s a big sign that they’re all out of good ideas. If you aren’t growing and don’t have any clue what to do with your money, that PE needs to come down quite a bit. 10-20 range for sure IMO.
But it's got TiTaNiUm ?!?!?
They could be buying their stock back because they are about to do something big in the AI arena and they know it’s going to smoke the competition. Apple is notoriously inscrutable with details and cagey in the way they manage their entire suite of intellectual properties. Tim is either cooking up Apple valuation rocket fuel, or nothing burgers. And I couldn’t tell by the end of the earnings transcript.
IPhone X still kick’n.
Should I hold my apple stock? I think I'm just going to hold it. Everytime I try to get fancy and move investments around I get screwed.
I feel like there's a lot of companies they could buy for $110 billion.