From Nasdaq: 2024-05-03 09:43:18

Apple’s earnings report revealed a record $110 billion stock buyback plan, boosting stock prices. CEO Tim Cook hinted at significant investments in generative AI, with news expected at the Worldwide Developers Conference in June. Critics point out buybacks can signal a lack of growth strategy, but Apple’s huge cash reserves support both capex and buybacks.

Despite rivals integrating AI into their phones, Apple’s strategy of perfecting existing technology before release has consistently paid off. Market response to news of buybacks and future AI developments has been positive. Apple’s loyal customer base and ability to innovate at their own pace give them a unique advantage in the tech industry.



Read more at Nasdaq:: Apple (AAPL) Earnings Announcements Boost Short and Long Term Prospects