It will only boosts confidence for a few hours. The only thing that will put a bottom in place is to pay 10% dividend and split the stock 10 for 1. Still even REITs that pay 15% dividend go down big. AAPL right now is like a fat cow that can only lose weight.
Apple is going to renege on that Share buyback, let alone add more to it...they are like all these other companies...they yakk a good game, but screw the shareholders. Buybacks are a gimmick, as they can get around from doing it. They are "In Love" with that Cash, which will be their demise. I had been a Long term investor here for quite some time, and know the issues with Aapl. I will not touch this until it hits below 300, and I would not hold it overnite ever again. This is no longer an investment....just a vehicle to make quick cashola. Fakkk u Apple...you missed out.
Agreed. Apple never letting that cash go and that is their demise. Unlike google they don't acquire companies. They won't share profits with shareholders. Just let money sit eroding at 3% per year to inflation. Financial mismanagement is the reason apple diving.
Do the math if they took just 15% of their profits the last 4 years and bought back stock. What would the EPS be today? You don't even want to know.