Apple to Boost Buyback Plan by $30 Million?

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Posted April 16, 2014 at 9:51pm by iClarified

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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Apple to Boost Buyback Plan by $30 Million?

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Comments (7)

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Fukran John - April 17, 2014 at 4:36pm

Great move cause No one buys their stock now.

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gamerscul9870 - April 17, 2014 at 5:01pm

Buy or not it still helps. Still making so much compared to toy makers.

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gamerscul9870 - April 17, 2014 at 12:56am

Note to anyone thinking apple paying that much, it's million, not billion. And no it's not wasting money.

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Russell - April 17, 2014 at 3:39am

It is BILLION, not million. Google it.

Yes it is wasting money because even after the increase in dividends and buyback, nobody want's to buy their stock.

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gamerscul9870 - April 17, 2014 at 9:55am

Waste or not, it's still worth a shot. Their products always sold more so either way, they're saves.

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gamerscul9870 - April 17, 2014 at 9:56am

I said millions because it's how the title says it compared to the text about the article.

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tommyy - April 16, 2014 at 11:59pm

please correct wrong unit. billion in content. header says million.

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