Apple faces cash problem, plans stock buybacks and dividend increases, investors hopeful for future

From Nasdaq: 2024-05-05 14:00:00

Apple announced its fiscal Q2 results, revealing a $162 billion cash problem. Despite revenue decline, the tech giant plans massive stock buybacks and dividend increases. CEO Tim Cook hints at exciting product announcements, potentially involving AI. Investors are hopeful for a sales uptick and strong returns. Stock Advisor recommends other stocks for potential growth.



Read more at Nasdaq: Apple Has a Problem — and Investors Should Love It