Announced during the company’s March quarter results, Apple described an aggressive plan for what is the single largest share buyback plan in history, and here’s what Bryan Chaffin thinks that means.
Warning, this one went long: Bryan Chaffin and Jeff Gamet discuss what Apple’s share buybacks say about Apple’s future. They also weigh WhatsApp’s founder leaving Facebook, and what it says about Facebook and Mark Zuckerberg. They go over when diving into Google Duplex, a demonstration that was as awesome as it was devoid of real value.
Bryan Chaffin and Jeff Gamet discuss the myth of the failing iPhone X, where that myth comes from, how it’s sustained, and how Apple’s own data says otherwise. They also talk about how Apple CEO Tim Cook and CFO Luca Maestri tried to dispel those reports during Apple’s quarterly conference call with analysts. They also look at the indicators that HomePod, on the other hand, isn’t doing well, and Tim Cook’s continued insistence on focusing on sound quality when we really want a capable home assistant. They cap the show with some perspective on just how much money Apple is paying out to shareholders.
It’s the largest share buyback program in corporate history, and is in addition to Apple’s existing $210 billion stock buyback programs.
Apple not only reported increased revenue for iPads in general, but growth in its education market in specific.