I suspect Apple has increased stock compensation to key employees heading into the AI wars so the larger buyback is necessary to keep the stock price above an internal target of theirs.
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Apple Reports 2Q 2024 Results: $23.6B Profit on $90.8B Revenue
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I suspect Apple has increased stock compensation to key employees heading into the AI wars so the larger buyback is necessary to keep the stock price above an internal target of theirs.
Guarantee that if his stock grants are based upon EPS (which none of us really know the metrics in which they are awarded), then those numbers are adjusted for any buyback that happens.
The two aren't mutually exclusive at this point. At any rate, I doubt throwing more money at the problem is going to fix it.
Mac revenue up 4% in challenging market. Bring on those M4 ultra and extreme chips Apple.
Regardless of that - pulling out of the EU would be stupid.
After hours trading is up pretty big. I think most assumed the Vision Pro faceplate would have a more profound effect.
What new tech would you like to see that would make sense and dovetail with Apple's product line? Be specific.
Apple’s all about secrecy except when they need to placate Wall Street. Hence why every other word out of Tim’s mouth these days is AI.
That kind of profit margin is the envy of a lot of companies....
We forget that some of the most important and essential companies.. food, services etc have some of the most razor thin profit margins.
We forget that some of the most important and essential companies.. food, services etc have some of the most razor thin profit margins.
Might come back if they made an iPod touch with a gaming focus.
Apple has. They spent billions on trying to develop a car.
Apple also spent billions developing the Vision Pro.
Of course. Unless the EU decides to fine them 10% of global revenue under the DMA which would be 4-5 years of EU profits.
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Let's have someone come in here and bleat about how clearly everyone is rejecting subscriptions and subscription fatigue and I want to own my software and music and videos and on and on and on and on and on... I mean, people should spend their money how they see fit. Each individual should approach their spend in the way that makes the most sense for them, always. But the tiresome projection about how "terrible" subscriptions are and how consumers will reject this trend any day now has no merit. Apple's services revenue gains are almost entirely due to subscription entitlements, whether Apple's App Store cut or first-party services. And they keep. going. up. There is obviously no material backlash in the marketplace.
Good question. Not surprisingly total non-answer from Cook.
The Tim Cook era can be defined as making as much money as possible. I fully expect new iPad Pros to be more expensive than existing models.
The Tim Cook era can be defined as making as much money as possible. I fully expect new iPad Pros to be more expensive than existing models.
Honestly, Cook has done an excellent job bringing Apple to the highest, at least business wise, and I’m a bit fearful of what could happen once he retires. I mean, I trust more Cook’s Apple than what may come in the future, because Cook’s era is highly predictable -to an extent-.Tim is cooking is rain over.
It's a good question, but not one that was ever going to get a material answer. Tim tipped his hat several times toward next week's presentation. If there is not significant meat announced toward their AI ambitions at that point, then I think it would be more reasonable to declare the emperor has no clothes. At this point, it's hard not to give Apple at least some benefit of the doubt (even if I, personally, think Apple's AI ambitions will be lacking in some material way, as is usually the case with Apple and cutting edge technology).
They do, but it’s easy to write a nonsense post here instead of doing some research on the internet.
Actually, Apple invests the most in R&D among all tech companies.
Stock buybacks does a lot more than just pad the execs' payouts. It rewards all the shareholders and pays for the billions that they already invest in new tech. For example, they spent billions on the failed car project thanks to stock buybacks. Without that rising share price, that money would've been stolen from smarter R&D that ended up allocated for iPhone, Vision Pro, Generative AI, etc.