Apple bought back $56 billion worth of its own stock in 2014

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  • Reply 21 of 55
    apple ][apple ][ Posts: 9,233member
    Quote:

    Originally Posted by TheWhiteFalcon View Post





    The WWDC jackets are nice too.



    There seems to be some of those on eBay also, from various years.

  • Reply 22 of 55
    bigpicsbigpics Posts: 1,397member

    Quote:
    Originally Posted by Apple ][ View Post

     



    So what? iCahn has zero influence in the day to day operations of Apple and obviously has nothing to do with any of their product plans. He just wants Apple to buy back more stock, that's a good thing. I think that the more stock that Apple buys back means a lesser likelihood 

    of us seeing a repeat of what happened when AAPL took a big tumble.


     

    When companies are on a long-term upward arc (like Apple), stock buybacks can be a great long-term move.  When (like IBM) they're on a long-term downward trajectory, they're more often like feeding your remaining hay to the dead livestock littering your decaying fields....

     

    Quote:

    Originally Posted by TheWhiteFalcon View Post

     

    Don't worry, I've already seen reports of how this is a bad thing. Analysts say this is evidence Apple has no idea what to invest in for future innovations.


     

    I've got two ideas unaddressed since at least Tiger and likely going back to 10.0 that they could spend a tiny bit of the monies involved on: 



    1. Add the choice of saving Grab's screenshots as JPG's so they can be posted to places TIFF's can't be (and it's not like they're super-hi-res files for archiving/advanced editing)

     

    Taking care of this neglected, leftover annoyance (which forces me to round-trip most of my grabs via Photoshop) would take one person a day or less I'd wager..... ....and even Windows doesn't make you do that dance....

     

    2. Add the "Klingon" symbols for the option, control and shift keys to the keyboards so we can easily match them up to the menu short cuts that refer to 'em.  I still forget after all these years sometimes.  And the lack of a cue as to which is which has to be perplexing to newbies. 



    [Edit: I'd forgotten the control, option, shift and shift lock symbols are on the keyboard viewer as a reference of sorts - again not where a newbie's gonna know to go... ...and what would it take to put the Apple specific symbols into the character viewer...?? Every other kind of damn thing's in there....]



    Plus the ability to intuitively be able to type them (along with the Command "cloverleaf" and Apple symbols would also be a simple "gift" to users....

     

     

     

  • Reply 23 of 55
    It would've been nice if they had initiated these buybacks in 2008 when the stock was massively undervalued.
  • Reply 24 of 55
    tbelltbell Posts: 3,146member
    Quote:

    Originally Posted by Apple ][ View Post

     



    So what? iCahn has zero influence in the day to day operations of Apple and obviously has nothing to do with any of their product plans. He just wants Apple to buy back more stock, that's a good thing. I think that the more stock that Apple buys back means a lesser likelihood 

    of us seeing a repeat of what happened when AAPL took a big tumble.


     

     

    It is a good thing if you are a short term investor. I have held Apple stock since it was $14 dollars a share, and I think it is a bad thing. Apple doesn't get any benefit from the buy back. Give the money to me as a dividend.

  • Reply 25 of 55
    knowitallknowitall Posts: 1,648member
    Connect this with the previous article.
  • Reply 26 of 55
    blastdoorblastdoor Posts: 2,919member

    I think they should just keep buying back shares until I'm the only shareholder left. Then I'll own all of Apple!!! :-) 

  • Reply 27 of 55
    MarvinMarvin Posts: 14,878moderator
    robm wrote: »
    With Apple underpinning demand Ol Carl's going to ride this pony all the way home.

    He said he's going to hold it until it's at least $203:

    http://blogs.wsj.com/moneybeat/2014/10/09/why-icahn-thinks-apple-shares-are-worth-203/

    He'll need to in order to offset his losses in oil:

    http://www.marketwatch.com/story/oil-prices-drop-hits-carl-icahn-john-paulson-hard-2014-12-19

    His profits in Apple so far probably offset that loss though. I'm sure he has enough billions to last until he dies in a few years so it doesn't really matter.

    Apple has another $22b in buybacks to do this year so that can help boost it a little but it's hardly going to make a dent on a $650b market cap. Apple will easily make another $80b from the iPhone 6 and 6S so that can go on a buyback and they'd still have over $100b in assets but with a record market cap already, the dividend route would probably be more worthwhile.
  • Reply 28 of 55

    Bump.

  • Reply 29 of 55
    Quote:

    Originally Posted by Marvin View Post



    Apple has another $22b in buybacks to do this year ....

    Apple does not 'have' to do anything. It can simply cancel or postpone the buybacks, or return money to shareholders in other ways.

  • Reply 30 of 55
    Apple does not 'have' to do anything. It can simply cancel or postpone the buybacks, or return money to shareholders in other ways.

    They also don't "need" to return money to the shareholders. I'd argue that the buyback makes far more sense than a dividend.
  • Reply 31 of 55
    I just want the apple car from the speedway of the south race set.
  • Reply 32 of 55
    bobschlobbobschlob Posts: 1,074member
    Quote:

    Originally Posted by SpamSandwich View Post

     
    Quote:

    Originally Posted by anantksundaram View Post



    Apple does not 'have' to do anything. It can simply cancel or postpone the buybacks, or return money to shareholders in other ways.




    They also don't "need" to return money to the shareholders. I'd argue that the buyback makes far more sense than a dividend.



    The more Apple buys back, the higher the value of the stock. At the same time; the less dividend payments Apple has to pay out to shareholders.

    Double-BOOM!

  • Reply 33 of 55
    Quote:

    Originally Posted by TheWhiteFalcon View Post

     

    Don't worry, I've already seen reports of how this is a bad thing. Analysts say this is evidence Apple has no idea what to invest in for future innovations.


     

     

    They don't.

     

    That's why they have so much money.

  • Reply 34 of 55
    Quote:

    Originally Posted by Apple ][ View Post

     
    Quote:
    Originally Posted by cnocbui View Post

     

    So the more Apple buys back, the greater Icahn's influence over the company becomes as you can be sure he won't have sold any of the shares Apple bought.




    So what? iCahn has zero influence in the day to day operations of Apple and obviously has nothing to do with any of their product plans. He just wants Apple to buy back more stock, that's a good thing. I think that the more stock that Apple buys back means a lesser likelihood 

    of us seeing a repeat of what happened when AAPL took a big tumble.


     

     

    Exactly.

     

    It’s protection against the shorts.

  • Reply 35 of 55
    Quote:

    Originally Posted by TheWhiteFalcon View Post

     
    Quote:
    Originally Posted by anantksundaram View Post

     or a large, one-time, special dividend -- might be a better way to return money to shareholders.

    iPod Shuffle sounds nice.


     

     

    Pfft. 

     

    A $10,000 iTunes gift card for every shareholder would be welcomed.

  • Reply 36 of 55
    Quote:

    Originally Posted by jeffmac7101 View Post

     

    Bump.


     

     

    Camel.

  • Reply 37 of 55
    Quote:

    Originally Posted by BobSchlob View Post

     
    Quote:
    Originally Posted by SpamSandwich View Post

     
    Quote:
    Originally Posted by anantksundaram View Post



    Apple does not 'have' to do anything. It can simply cancel or postpone the buybacks, or return money to shareholders in other ways.




    They also don't "need" to return money to the shareholders. I'd argue that the buyback makes far more sense than a dividend.



    The more Apple buys back, the higher the value of the stock. At the same time; the less dividend payments Apple has to pay out to shareholders.

    Double-BOOM!


     

     

    And the more they can raise the dividend for the rest of us!

  • Reply 38 of 55
    Quote:

    Originally Posted by TheWhiteFalcon View Post

     

    Don't worry, I've already seen reports of how this is a bad thing. Analysts say this is evidence Apple has no idea what to invest in for future innovations.


    Well, you know Apple ONLY has about $160 billion in overseas cash and that may run out very quickly.  After all, these analysts are experts when it comes to companies with $650 billion market caps and more cash than most companies are worth.  /s

     

    It's funny, though.  I could have sworn a few years back even the analysts said Apple should use some of its cash to do buybacks but now it seems the situation has changed.  However, Apple bought Beats Music and it didn't seem the analysts were very happy with that acquisition, either.  It wasn't supposed to be a good fit or Apple paid too much money for their liking.  Analysts are rather hard to please and feel they know far more about running a company than Apple's own management team.

     

    I really can't imagine what type of innovation these people are looking for.  A time machine, perhaps.  Most tech companies never make great leaps that disrupt everything but Apple is expected to do it every few years.  It happens when it happens.  There simply isn't that wide a gap in technology among tech companies.  Mostly all the top companies are privy to the same components.  At least Apple is designing its own processors and OS, so I don't know why analysts are being so bitchy about some amazing technical breakthrough not happening fast enough at Apple.  I believe that high-quality products are more than enough for most consumers.  I'd hardly consider the iPhone 6/6 Plus a marvel of new tech but consumers like them all the same.  That's company success by nearly any standard.

  • Reply 39 of 55
    Quote:

    Originally Posted by TheWhiteFalcon View Post

     

    Don't worry, I've already seen reports of how this is a bad thing. Analysts say this is evidence Apple has no idea what to invest in for future innovations.


     

    You are right. They could buy Tesla or some other big company. Not sure how that would help, too much, although it would help in a way: Apple could spend billions on battery technology.

     

    They could also lower prices and take smaller margins. Sell more product so they could have better share of market outside of "rich" countries, like the US and Japan. Then, they would have less cash and wouldn't have too much trouble with the extra cash laying around.

     

    Well, it seems that the trend these days is stock buybacks by a lot of companies.

     

    Apple's dilemma is getting too big. A company can only get too big and be ineffective. The company seems laser focused in hardware, but their services and software seem to suffer, maybe from the size of the company.

  • Reply 40 of 55
    Apple does not 'have' to do anything. It can simply cancel or postpone the buybacks, or return money to shareholders in other ways.

    They also don't "need" to return money to the shareholders. I'd argue that the buyback makes far more sense than a dividend.

    Who said they "needed" to return money to shareholders? I certainly did not.

    Yes, buybacks generally make more sense than dividends, but only at the right price. And not always.
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