Apple to Boost Buyback Plan by $30 Million?

Bernstein Research analyst Toni Sacconaghi says he expects Apple to boost its stock buyback plan when it reports earnings next week, according to MarketWatch.

Sacconaghi said that shareholders "are looking for Apple to provide a framework and commitment for capital return."

"We believe that Apple may add $30 billion to its current repurchase plans through year end calendar year 2015."


Apple has already announced that it will repurchase $60 billion in shares by the end of 2015; however, investors such as Carl Icahn have repeatedly tried to convince the company to increase that amount.

Apple reports Q2 FY14 earnings on April 23rd.

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