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.
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.
Andrew Orr and Dave Hamilton join Jeff Gamet to look at Apple’s second fiscal quarter earnings, plus Andrew tips us off to some alternatives to Safari on the iPhone and iPad.
It’s the largest share buyback program in corporate history, and is in addition to Apple’s existing $210 billion stock buyback programs.
Wall Street consensus estimates were for revenues of $60.8 billion and EPS of $2.68, making the quarter a solid beat for Apple. [Updated with more information about Apple’s results, a $100 billion share rebuy program, and a 16% increase in the company’s dividend.]