From Nasdaq: 2024-05-12 19:09:00

Earnings season is in full swing, with Apple (NASDAQ: AAPL) announcing a $110 billion stock buyback authorization, the largest in U.S. corporate history.

Apple’s consistent stock buybacks highlight their dedication to returning capital to investors, with a focus on potentially undervalued shares and boosting earnings per share (EPS).

Despite a declining revenue trend, especially in China, investors may find Apple’s high forward P/E multiple of 28 concerning, especially as competitors make strides in AI without a clear vision from Apple.

Consider alternatives to investing in Apple, as the company’s lack of growth and direction raises questions about its future performance and ability to deliver strong earnings power.



Read more at Nasdaq: Apple Just Announced a $110 Billion Stock Buyback. Here’s Why I Still Wouldn’t Buy the Stock.