Samsung sold 330 million phones and lost 3 billions, while Apple sold 250 million I-phones and made 45 billions.
Smartphone is owned individually and therefore the growth is directly proportional to growth of world population. It will only get saturated when the world population stop growing and is not yet happening.think about it.
TC has his work cut out for him when he stated that where Apple is number two in true smartphone usage like Asia, excluding Japn, Western and Easrptern Europe, he wanted to be number one.
When all is said and done, Apple will add another 15 billion to 60 billion buybacks making a totalof 75 billion. Icahn will not get the 50 he likes to see but he will get a third and this amount of borrowing will not lower the credit rating of Apple because it represent only 9 percent of the cash hoard.
Actually after ER on Jan. 27, there were only 7 trading days and not two weeks, so 14 billion in 7 trading days are equal to 270 days worth of planned buyback. That is about 38 times as fast to complete. I thought all along that TC is slow. Not anymore. Looks like he is getting more proactive than reactive.
TC is just following the advice of Warren Buffet to Steve Jobs, to buy your own stock when it is selling at 30cents to a dollar.