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Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B....

Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B. 37.4M iPhones, 19.5M iPads, just under 4M Macs. Expects FQ3 revenue of $33.5B-$35.5B, below $39.3B consensus. Buyback increased by $50B. Shares halted. CC at 5PM ET (webcast). (PR)
Comments (140)
  • So much for all that cash sitting on the sideline.....
    23 Apr 2013, 04:35 PM Reply Like
  • 15% div increase reported by cnbc
    23 Apr 2013, 04:35 PM Reply Like
  • its also in the press release the 15% divi increase that is
    23 Apr 2013, 04:36 PM Reply Like
  • $50 billion buyback? Is that a typo? That's unheard of.
    23 Apr 2013, 04:35 PM Reply Like
  • $50 billion buyback - wow.
    23 Apr 2013, 04:36 PM Reply Like
  • Sounds like desperation to me.
    23 Apr 2013, 04:54 PM Reply Like
  • Oh, yes. Declaring bankruptcy soon, Duh.
    23 Apr 2013, 04:59 PM Reply Like
  • "Sounds like desperation to me."
    Or maybe Apple even thinks their shares are severely underpriced.
    23 Apr 2013, 05:18 PM Reply Like
  • Based on what, pray tell.
    23 Apr 2013, 05:24 PM Reply Like
  • Then short it tomorrow !
    23 Apr 2013, 05:44 PM Reply Like
  • Large increase in share buyback authorization and increase in dividend and stock price flat... I thought Apple bulls said these catalysts would boost the stock price significantly (say $100+)? What say you?
    23 Apr 2013, 08:57 PM Reply Like
  • You just described the stock market the last few yrs.Buybacks spread earnings to a shrinking base of shares. Everybody's been doing it, $300 Million for Travelers last quarter. CAT just announced another one too.
    24 Apr 2013, 06:36 AM Reply Like
  • That guidance seems weak. Guess they want the stack to tank so they can buy back shares on the cheap.
    23 Apr 2013, 04:36 PM Reply Like
  • well historically they were conservative no? and then for a while they kind of went away from being conservative... maybe they are trying to get back to being conservative so they can blow away estimates in the future...

     

    just a very backhand thought (read an article that suggested they had gotten away from being conservative on their guidance).
    23 Apr 2013, 04:37 PM Reply Like
  • Did 35b last June (2012) qtr.
    23 Apr 2013, 04:41 PM Reply Like
  • AAPL went big with the buyback. More than I expected.
    23 Apr 2013, 04:37 PM Reply Like
  • More than you expected because there is simply no reference point in history for a buy back that size.
    23 Apr 2013, 05:38 PM Reply Like
  • It's a shame the best use of cash AAPL has is share buyback
    23 Apr 2013, 04:38 PM Reply Like
  • When the shares are so cheap, it makes perfect sense to buy them back. That's like spending 80 cents to get dollar coins.
    23 Apr 2013, 04:39 PM Reply Like
  • What would you do with $150 billion that's less wasteful?
    23 Apr 2013, 04:40 PM Reply Like
  • That is a nitwit comment. The shares are selling at over 2.5 times book. That is buying 40 cents for a dollar. If you think that this is good, I'd be delighted to sell you a whole pile of my own money on that basis.
    23 Apr 2013, 04:53 PM Reply Like
  • Ross:
    Are you saying investors are so dumb that they value $1 of cash at $2.50 because it's held in Apple's bank accounts?
    23 Apr 2013, 04:57 PM Reply Like
  • Agree - would have liked to see much more productive use of the money. One wonders what plans Appl has for the remaining $95B.
    23 Apr 2013, 05:05 PM Reply Like
  • Intrinsic value isn't necessarily book value Ross.
    23 Apr 2013, 05:10 PM Reply Like
  • yes but does your money grow in value and give you dividends?
    23 Apr 2013, 05:18 PM Reply Like
  • What's the matter Ross, caught on the wrong side? The only nitwits out there are the ones that believe ANYTHING is as good as an Apple.
    23 Apr 2013, 05:44 PM Reply Like
  • Jacob,

     

    you said:

     

    "If AAPL goes down to $400, I will sell all my liquid assets and buy as much AAPL as I can afford"

     

    (http://seekingalpha.co...)

     

    Are you really gonna do it?

     

    Regards.
    23 Apr 2013, 05:53 PM Reply Like
  • Actually Ross Healy makes a good point about the "80 cents to get a dollar" analogy with AAPL. You can argue value if you want and quote P/E, FCF, etc etc. but the above analogy only works with P/Book. So in this case you are indeed paying around $3 to get $1 worth of actual book value.
    23 Apr 2013, 06:31 PM Reply Like
  • $3 to buy $1 + 3$ more in earnings over the next 9 years and then you'd still have the option to sell what you have for $3. It sounds like $3 to buy $6 to me.
    23 Apr 2013, 06:38 PM Reply Like
  • There's almost $100 billion left. Amazing how Apple can just do *nothing* right according to some people. *SMH*
    23 Apr 2013, 09:49 PM Reply Like
  • But that is like a 25% ROI. We know a "hit" product such as the iPhone/Pad returns much more than that. So, in effect, AAPL is saying they don't see another "killer" product soon.
    23 Apr 2013, 10:01 PM Reply Like
  • I've been buying Apple gradually for the last couple months, but I will still keep some of my other stocks. Apple is the most undervalued company in the market today.
    23 Apr 2013, 11:01 PM Reply Like
  • They are heeding to Warren Buffett's advice exactly the way he said on air. watch here if you need evidence: http://bit.ly/X8aYQo
    24 Apr 2013, 12:48 AM Reply Like
  • Buy video content for an eventual TV
    24 Apr 2013, 04:01 AM Reply Like
  • They are actually borrowing that 50 B it seems like .
    23 Apr 2013, 04:40 PM Reply Like
  • At least someone on this post is paying attention, congrats Madness!
    23 Apr 2013, 05:21 PM Reply Like
  • $50B Buy back??? Wow, now someone should say TC does not care for the shareholders ;)
    23 Apr 2013, 04:41 PM Reply Like
  • That's $50B more than what Steve Jobs would have spent on buybacks. :)
    23 Apr 2013, 04:49 PM Reply Like
  • More like 60B more.
    23 Apr 2013, 05:02 PM Reply Like
  • Nasdaq futures are signalling post-market gains when halt is lifted at 4:50.
    23 Apr 2013, 04:41 PM Reply Like
  • I wonder if that will hold. That weak guidance suggests to me, no new products for the next quarter.

     

    I doubt that the street will like that once that realization settles in.
    23 Apr 2013, 04:46 PM Reply Like
  • ok. will the stock go up or down when trading resumes - place your bets.
    23 Apr 2013, 04:41 PM Reply Like
  • Hm, looks like it should go down
    23 Apr 2013, 04:41 PM Reply Like
  • probably down since there always seems to be a way to skew apple news in a bad light.

     

    however a beat on both revenue and eps AND a 50b buy back AND A DIVIDEND of around $3ps is great.

     

    It shuts up all those people saying tim cook is doing nothing with the cash and shows that Apple believes their shares are undervalued.
    23 Apr 2013, 04:49 PM Reply Like
  • If it trades down , wait til the dust settles and buy with both hands
    23 Apr 2013, 04:50 PM Reply Like
  • u01, yeah, but those who liked new products and growth will not shut up. They will sell now.
    23 Apr 2013, 04:54 PM Reply Like
  • http://on.mktw.net/17g...
    23 Apr 2013, 05:03 PM Reply Like
  • Wrong if you had read the stuff yesterday, it is doing exactly what the majority of posts I read said "trading up". MM and u01
    23 Apr 2013, 05:23 PM Reply Like
  • Why did the lead-in headline have to say: "slight beat?"

     

    Why not just call Apple like any other company that beats estimates?
    23 Apr 2013, 07:07 PM Reply Like
  • why are analysts so bullish? $39 billion consensus? what are they smoking?
    23 Apr 2013, 04:41 PM Reply Like
  • I wrote an article on Apple share buyback yesterday. Actually a very good thing for the future: http://seekingalpha.co...
    23 Apr 2013, 04:41 PM Reply Like
  • I like what I hear. $50B buyback and div increase to $3.05/qrtr.

     

    Way to go Apple!
    23 Apr 2013, 04:42 PM Reply Like
  • Apple dividend payable 16 may 2013 increase to $3,5. Tell me if I had wrong!
    24 Apr 2013, 03:03 AM Reply Like
  • Sorry, dividend should be $3.05 each kv payable at 16 may 2013.
    24 Apr 2013, 04:30 AM Reply Like
  • $50 billion buyback? The accountants have taken over Apple.
    23 Apr 2013, 04:42 PM Reply Like
  • Lol. Take advantage of the buyback lift on the long and short side.
    23 Apr 2013, 05:10 PM Reply Like
  • 11% growth is better than I expected and way better than most. Good qtr, soft guidance.
    23 Apr 2013, 04:44 PM Reply Like
  • Investors will undoubtably focus on the guidance for F3Q instead of the 50 Bil. buy back, and exceeding expectations on the Revenue and Earnings!
    23 Apr 2013, 04:44 PM Reply Like
  • Y/Y decline in guidance though. Would wait for some real capitulation before buying in.
    23 Apr 2013, 04:45 PM Reply Like
  • Yep, me too. Guidance is the key. I suppose they can screw it up. Cause HTC, S4, BB10.
    23 Apr 2013, 04:48 PM Reply Like
  • Not yoy decline on THEIR guidance. Up over $ 20 in after hours..... Strong!
    23 Apr 2013, 04:59 PM Reply Like
  • bgold1955,

     

    What are you talking about? June Q 2012 they did $35B, now they're guiding for $33B - $35B in June Q 2013, albeit with much lower margins.
    23 Apr 2013, 05:01 PM Reply Like
  • Yes Did 35b and Apple's guidance, prior to earnings, was much lower last year. In other words THEY guided less than 32b this time LY.
    23 Apr 2013, 05:10 PM Reply Like
  • That's a terrible guidance. I expect mixed reaction overall due to the enormous buyback
    23 Apr 2013, 04:45 PM Reply Like
  • let's have a one good news at a time. lower guidance is good for the buyback program.
    23 Apr 2013, 04:49 PM Reply Like
  • Up $20, now $15 at 4:51pm!
    23 Apr 2013, 04:52 PM Reply Like
  • Major short squeeze. LOLOLOL
    23 Apr 2013, 04:52 PM Reply Like
  • Karmic payback!
    23 Apr 2013, 04:55 PM Reply Like
  • This stock buy-back does absolutely nothing for the company, except to help increase some of its share-based ratios.

     

    Important thing is the guidance, which seems in-line with many of the economic indicators for this year, i.e. the trajectory is slightly down.
    23 Apr 2013, 04:54 PM Reply Like
  • Owning 10% more of a company means absolutely nothing? Because that's the effect of a buyback.
    23 Apr 2013, 04:56 PM Reply Like
  • Equity has a cost greater than the 2% they earn on cash. So there is that.
    23 Apr 2013, 04:58 PM Reply Like
  • By that reasoning, if they had the cash, why not just buy 100% of their stock? Hmm, no, can't be done unless it liquidates.

     

    This transaction simply moves $50B cash off of Apple's balance sheet (or adds that much debt if they actually borrow the money) and adds $50B worth of treasury stock. Net effect is only PR + some happy shareholders. There may be FUTURE value which accrues to the remaining shareholders, but that remains to be seen.
    23 Apr 2013, 05:17 PM Reply Like
  • That situation wouldn't be liquidation, it would be going private. And that route could be used for great wealth generation.

     

    Apple doesn't hold treasury stock. As with most buybacks, this should simply retire the shares that Apple buys back.

     

    Think of it this way: if we're equal partners in a company and I buy you out, how much of the company do I own? Your logic says 50%. Reality says 100%.
    23 Apr 2013, 05:29 PM Reply Like
  • The size of the buyback seems essentially like a whispered admission that growth is dwindling. The only way to support the #s going forward is apparently to reduce the share count. It's smart of them; margins pretty much MUST decline.
    23 Apr 2013, 04:55 PM Reply Like
  • Like P&G, CL, KO, etc. 11% increase yoy on revs at their size. Come on.
    23 Apr 2013, 05:01 PM Reply Like
  • WHY WAS THE STOCK HALTED? SO GLAD I DUMPED MY NAKED CALL OPTIONS TODAY. IS THIS THE BEGINNING OF THE LONG UPHILL TREK TO 700.00??
    23 Apr 2013, 04:56 PM Reply Like
  • Guidance is quite disappointing. But wow what a buyback
    23 Apr 2013, 04:57 PM Reply Like
  • The buyback program means that the company is buying 40 cents for $1.00 as the shares are selling at 2.5 times book (+). There is no "good news" in this buyback program.
    23 Apr 2013, 04:58 PM Reply Like
  • Ross,

     

    Saying the same thing over and over doesn't make it true.
    23 Apr 2013, 05:00 PM Reply Like
  • You're doubling down on this fallacy, huh? You think that investors value Apple's cash hoard at $2.50 per dollar?
    I guess you do, based on your "no good news" comment
    23 Apr 2013, 05:00 PM Reply Like
  • Ross, I strongly disagree. Simplified: Companies exist to generate earnings. Buybacks increase EPS. Check the link to the article I posted above to see what this will do for EPS. If a $50 billion buyback was executed this year and Net Income held steady, EPS would be over $50.00 for 2013. Pretty good.
    23 Apr 2013, 05:02 PM Reply Like
  • Is book value the new way to value tech companies?
    23 Apr 2013, 05:11 PM Reply Like
  • Ross,
    Do you have some sort of agenda?
    I do not know of any technology company that trades at Book Value. But you must know this so why do you keep refering to Book Value?
    23 Apr 2013, 05:15 PM Reply Like
  • Ross,
    Are you going to use some of your YLO big time loss (more than 90%) to "buyback" what ever you can of AAPL?

     

    Just stop talking nonsense, we all know valuation can be obtain from more than one aspect... what about valuation from a p/e perspective?

     

    If AAPL has more money than they can spend on project, it sure makes sense to buyback on the cheap "valuation". Don't try to make me believe AAPL is not of great value here, even with margin compression this company is still a lot stronger than most stocks.

     

    You lost all credibility with YLO, try to save some here.
    23 Apr 2013, 05:19 PM Reply Like
  • Ross, Buybacks are generally viewed by investors as a positive, the company buys back stock because they are confident of a positive return.
    23 Apr 2013, 05:36 PM Reply Like
  • HAHAHA, Ross Healy = Short AAPL
    23 Apr 2013, 08:41 PM Reply Like
  • There's a reason Warren Buffet recently advised Apple to issue a buyback (and has in the past as well, though that was ignored.) Increasing the concentration of a shareholders value and the consequent increased dividend is no joke. If anything, Apple's cash hoard was being massively discounted due to the believe that allocation was inefficient, and tech stocks are not valued at book.
    23 Apr 2013, 09:06 PM Reply Like
  • I have to agree with Ross. Share buybacks seem to be a way to cheat investors as in the end, the company's earnings per share don't really matter. Only absolute earnings matter... and with the share buyback, the PE might go up a little bit but so what? Then the share price drops a bit and the PE returns to the value it was...

     

    PS: HPQ has been increasing their buybacks for more than 2 years now... and go look at the graph to see if it that helped investors at all.
    24 Apr 2013, 03:46 AM Reply Like
  • The key is buying back shares at a discount to value. If a company does that, then it increases the overall value of the company.
    24 Apr 2013, 11:29 PM Reply Like
  • Zangief, try to understand the sentence about Apple:s buy back program and what that means fore us shareholders please! The value in Apple is also their EMPLOYEES which is very high! I get this information from my banks information about Apple:s share number have I got
    939 058 000 shares fore a couple of months ago and the same number yesterday. And Apple have said that they start the by backs share in 2013 and I don´t now the result of that yet. But I don´t now were to find and official running update how many Apple shares is outstanding today for example. I count at number of shares is like above: 939 058 000. Total decided money fore buybacks at this moment $100 000 000 000, which
    $10 000 000 000 already my bee used. I don´t now the result about that. $90 000 000 000 shares divide with for example shares price Apple $400 give me the result 225 000 000 shares less. Only that is 24% less shares under this circumstances. "Relative" good fore shareholders I think! (smile!) And the first $10 000 000 000 make the result even more interesting and good fore Apple:s shareholders. I am long in Apple, Cisco, Microsoft, Intel and Actions Semiconductor CO. Ltd (ACTS) and a lot of other share:s and trust:s.
    25 Apr 2013, 05:04 AM Reply Like
  • jbcm - APPL is returning 100 billion to shareholders in the current program, but only 60 billions in share buybacks. Even so we are looking a share count reduction of between 100k and 150k shares between now and 2015, depending on share price.
    23 May 2013, 11:05 PM Reply Like
  • Ryan, thank´s for to correct me! May be to much whisky when I write that! But i am sober now! (smile!)
    28 May 2013, 09:43 AM Reply Like
  • It would have been better if they distributed that as a special dividend.
    23 Apr 2013, 05:03 PM Reply Like
  • Msft did so a few years ago - how would it have been better? Appl should have found a productive use of the money.
    23 Apr 2013, 05:16 PM Reply Like
  • if they did a special dividend people would buy the stock just for the dividend then sell it again afterwards...no long term positives with that.
    23 Apr 2013, 08:31 PM Reply Like
  • With the new div and a sensible call writing program , AAPL is now a cash cow .
    23 Apr 2013, 05:07 PM Reply Like
  • The dividend increase of 15 percent pays me to wait for the next innovative product.....they will easily add fifty billion to the cash , not bad..... iTunes and icloud adding not just iPad and iPhone...
    23 Apr 2013, 05:07 PM Reply Like
  • Weak guidance supports the thoughts of a powerhouse second half of the calendar year 2013 with most product refreshes and releases during that time.

     

    The buyback came when their share price was low, and before any new products from later this year are announced and released.
    23 Apr 2013, 05:07 PM Reply Like
  • I found it interesting that the CNBC show "Fast Money" had the most bearish Apple analyst there is out there to comment on the quarterly numbers. Gene Misick I believe from Jefferies? Nothing like even-handed reporting.
    23 Apr 2013, 05:25 PM Reply Like
  • Analysts from Jeffrie's and Stifel Nicholas , are to be ignored, All have agendas
    23 Apr 2013, 06:33 PM Reply Like
  • @WisPokerGUy and Fear&Greed...Why should Jefferies analysts to be ignored? Peter Misek has been one of the biggest AAPL bulls in 2012 with a PT of close to $900 if I remember correctly.

     

    Do you mean to say that when he was hyper bullish his advice should be cherished but when he dampens his outlook he should be ignored?
    24 Apr 2013, 08:19 AM Reply Like
  • Mohamed,
    It has been my experience that these two firms have a track record of suspect calls. They appear to have an agenda with their views. Like most Misek had a 900 PT at the top and now reduces his outlook at the bottom. Now apparently 9 or 10 firms have joined the lemming club and cut forecasts today , a sure sign of an impending bottom. A complete reversal when all had AAPL going to 1000 when it was 600 & 700
    Long AAPL and adding on weakness
    24 Apr 2013, 09:11 AM Reply Like
  • Why didn't they buy Netflix? Kinda of like an iTune store for movies.
    23 Apr 2013, 05:29 PM Reply Like
  • Netflix is flippin' expensive.
    23 Apr 2013, 05:29 PM Reply Like
  • If Jim Cramer can suggest Apple do something like that you just KNOW it's a horrible idea.
    23 Apr 2013, 05:32 PM Reply Like
  • Going forward, Netflix is only as good as Apple TV. (Which is pretty darn good)!
    23 Apr 2013, 05:35 PM Reply Like
  • Most successful company in history. Wish I could beat expectations by over a billion dollars.
    Don't even mention oil companies... we are forced to buy oil. Nobody is holding a gun to anyone's head to buy Apple products.
    23 Apr 2013, 05:34 PM Reply Like
  • they haven't even started the concall yet, where did this info come from?
    23 Apr 2013, 05:38 PM Reply Like
  • It's still locked in a downtrend. I expect that to resume.

     

    At least I hope it does before my puts expire in May.

     

    Congrats AAPL shareholders, for hanging in there.

     

    You got a lotta guts

     

    If these gains hold, you are right back to where you were a week ago, before the latest dive.

     

    Once this stock establishes an uptrend, I will be right there with you. Until then, I'll keep shorting or stay away.

     

    Good luck, everybody!
    23 Apr 2013, 05:40 PM Reply Like
  • You would think that a company like Apple, with thousands of PHDs, Software and Electrical engineers, technology visionaries, and the like would have something - ANYTHING more interesting and promising to invest $50 Billion in than simply buying themselves off the publicly traded markets.

     

    This may seem like a good "Take care of the shareholders" move for now, but why isn't there a cutting-edge Artificial Intelligence, Holographics, or Robotics technology that Apple could pour research money into now with the promise of TRILLIONS of dollars in sales down the line? Are there no big thinkers or big ideas at Apple anymore? Do we just wait for the Iphone 5S and the Ipad Medium and hope that they can increase the buybacks and dividends enough to prop the stock price over $400?

     

    I guess the chances of the "Next Big Thing" coming from Apple just got "$50B of potential R&D" smaller. Too bad.
    23 Apr 2013, 05:47 PM Reply Like
  • Apple never spent much on R&D relative to its competitors. And I think in terms of culture it does not seem that Apple is so adventurous as to try futuristic things such as AI, Robotics, etc. That's more like up the street of Google.

     

    With respect to buyback. Given that the stock lost much of its value since the peak, it is good and just about time that Apple started supporting the stock. At least this way, the investors who got hit hard during the down slide can recover some of their losses.
    23 Apr 2013, 06:03 PM Reply Like
  • Agree - Additionally, buybacks will be gamed by the markets. It is astounding to me that Appl is sitting on such a large capital position and has not put it to productive use after a significant time. What will they do with the remaining $95B+?
    23 Apr 2013, 06:06 PM Reply Like
  • AI and Robotics are futuristic?
    23 Apr 2013, 06:40 PM Reply Like
  • They should buy Disney with that $95B (and whatever profits over the next few quarters). At least people will still like Mickey Mouse long after the Iphone has gone the way of the Walkman.
    23 Apr 2013, 07:08 PM Reply Like
  • Wow! The AH gains are dwindling fast.

     

    Reality must be setting in

     

    No new product announcement
    The CEO has to spend 50B, just to support the stock
    Shrinking margins
    More competition

     

    The negative factors that drove this stock into the ground are still there.

     

    Keep up the good fight, AAPL bulls

     

    I'll keep riding the trend.
    23 Apr 2013, 06:04 PM Reply Like
  • The stock was up around 5% in AH. Anyone see what they were talking about when the shares went flat?
    23 Apr 2013, 06:31 PM Reply Like
  • Conf call was in session
    23 Apr 2013, 06:34 PM Reply Like
  • yea but what in the conference call suddenly made the 5% gain get wiped?
    23 Apr 2013, 06:35 PM Reply Like
  • i just read through the q & a. I reckon the pull back from 5% was probably due to it seeming they were going to release products later than first thought.
    23 Apr 2013, 07:25 PM Reply Like
  • 43 billion earnings. Does that mean that the cash hoard is $180 biilion?
    23 Apr 2013, 06:53 PM Reply Like
  • Glenway, reading your posts are like watching Inspector Clouseau, only not funny.
    23 Apr 2013, 07:35 PM Reply Like
  • @eric dee:

     

    too funny almost lost my coffee when i read that
    24 Apr 2013, 08:52 AM Reply Like
  • Not good news. Nothing to be excited about, frankly.
    23 Apr 2013, 07:27 PM Reply Like
  • Wow! LOL. I just about had a heart attack. I did a trade today on DTE because it's in a strong uptrend, and it was down today.

     

    Then I looked at what I thought was the DTE chart, and my heart sank. I said, "How could I go long an that chart?"

     

    To my relief, I was looking at an AAPL chart. LOL.

     

    I then looked at the DTE chart, and knew I would make money tomorrow.

     

    Good luck, everybody!
    23 Apr 2013, 08:27 PM Reply Like
  • Would we all consider this to be the greatest thing Apple could do with it's money; return it to you? And if this does not work, what? Did you not give them money to put to use and they returned to you? Are you excited? Is this not telling?
    23 Apr 2013, 08:28 PM Reply Like
  • All AH gains were pretty much wiped out when Cook hit the airwaves. The man can wipe out billions in market cap by just showing up and talking...
    23 Apr 2013, 09:03 PM Reply Like
  • Ross, the buyback means AAPL is in the company's estimation the best investment on the planet and with every purchase increases the value for the stock for the rest of us. The increase of the dividend brings even further value to the investor. Not sure why you're so focused on book value...
    23 Apr 2013, 09:04 PM Reply Like
  • Perhaps Apple knows something about their future revenues that we won't for a year or two? Buying low?
    23 Apr 2013, 09:04 PM Reply Like
  • Shawn R,That is exactly the point I have been trying make. Companys that initiate buy backs are really telling Wall Street that they are confident in the companys future. And this is the largest buy back in history... so what can you read from that? It will be interesting to see where the institutional money and market traders go tomorrow.
    23 Apr 2013, 09:09 PM Reply Like
  • If they had not announced the buy back then IMPO the stock would have crashed after hours. There was nothing else truly positive in those results.

     

    I wonder how many iphones and ipads were shoved out of the factory in the last fortnight and put down as sales?
    23 Apr 2013, 10:33 PM Reply Like
  • Tawse, exactly my thought, where it not for the buy back the stock would have fallen sharply. Considering that it is already down by 3-4% pre-market I wonder what would happen without buy back. I think the outlook and concession by TC that growth is slowing and no new products (iPhone 5s, iPad mini,...., i.e. the usual stuff) until Fall, is really weighing down on the stock.

     

    However, I do not think that they "shoved out" phones to put them down as sales ;)
    24 Apr 2013, 08:26 AM Reply Like
  • Wow. Roughly 125,000,000 shares off the market.
    23 Apr 2013, 10:49 PM Reply Like
  • gotta manufacture those higher earnings somehow.
    23 Apr 2013, 10:54 PM Reply Like
  • Well I just gotta ask... if the company intends to implement this massive of a buyback, why would they put out any good news going forward to lift the share price? Isn't it in their interest right now to have the price a little depressed?
    24 Apr 2013, 07:01 AM Reply Like
  • How much more depressed do you want it Big Thunder? Besides, what the share price does in the near term should not matter for them that much since the share buy back is gradually until end of 2015.

     

    And I don't think that either TC, the Board, AAPL Employees or the Shareholders would want a depressed Share price till 2015!
    24 Apr 2013, 08:30 AM Reply Like
  • Okay, the timeline point makes sense; still, their buyback is going to have a lot more of an impact if they can buy those shares back on the cheap.
    24 Apr 2013, 08:34 AM Reply Like
  • How any money gets to share holders in case of buyback ?
    24 Apr 2013, 07:32 AM Reply Like
  • How any money get back to share holders in case of apple buyback Apple shars ?
    24 Apr 2013, 07:33 AM Reply Like
  • The shares number 2015-12-31 is 16% less then. That mean that we shareholders get more money when dividend:s in future is distributed. Everything all the same!
    24 Apr 2013, 08:14 AM Reply Like
  • If they buy back their own shares, they will increase the demand for their shares. This will lift the price of the stock, so if you decided to sell your shares after that you get more money for it.

     

    N.b. It will also decrease the supply of shares so this will also help the price.
    24 Apr 2013, 08:33 AM Reply Like
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