Apple is going to do a massive $110 billion stock share buyback.
BREAKING – Apple announces historic $110 billion share buyback
READ: https://t.co/5UAjwhEXTf pic.twitter.com/t2LLqkLGJQ
— Insider Paper (@TheInsiderPaper) May 2, 2024
This is a joke.
They’re doing this to prop up the stock price because their business is tanking. The Vision Pro was a massive failure and people are tired of buying iPhones. They are especially tired of buying them in China.
Apple has no tricks left. They can't innovate, their product sales are tanking, they are blowing their cash on share buybacks.
— Financelot (@FinanceLancelot) May 2, 2024
I’d argue that stock buybacks like this should be banned but since these markets are run by Jews and other financial criminals it is not shocking to see that this type of chicanery is allowed.
Whatever the case, it is really telling that Apple is choosing to waste $110 billion on buying back their stock instead of reinvesting this money back into their product lines, innovation etc.. This is a company in serious decline.
