Yes. When asked during a phone conversation wit CNBC, Icahn said that their next conversation will be Wednesday and that would be the last one.
Munster expected 31 million units. I say at least 35 million based on last year number plus 9 million sales in the last ten days of September.
A company as large and as rich as Apple surely has a roadmap and a long term plan and will not operate blindly. Every scenarios seen or unforeseen have contingency plan in place. To think otherwise is not wise.
So that TC will only frame it and hang it in his office ?
Is it because TC does not want to upset Icahn or because he will need the earnings to tone down his request?
Apple meeting the upper end of estimate for September quarter of 34 to 37 billion. It will be 37 billion plus but the question is how much is the plus.
A 20billion a year buyback over 3 years totaling 60 billion is manageable by Apple. To increase it further may be beneficial in the short run but difficult to sustain in the long run. Better be safe in managing finances than be sorry especially in this economic environment. Apple management know better than any shareholder, large or small in what to use their money for.