Apple plans $100B share buyback program, raises dividends by 16 percent

Apple plans $100B share buyback program, raises dividends by 16 percent

An Apple employee walks between Apple buildings at Apple headquarters in Cupertino, Calif., Thursday, Aug. 25, 2011.

With a mountain of overseas cash suddenly freed up by the tax overhaul, Apple bought back $23.5bn of its own stock in the March quarter, a record amount for any U.S. company, according to S&P Dow Jones Indices, and it added $100bn to its target for future repurchases. A new $100 billion stock repurchase plan and higher dividend also helped. The figure of $728 came in under the $740 expected by analysts and would seem to indicate that the iPhone X did not sell as well as expected. "Tax reform made it possible for us to execute our program more efficiently", he said.

"The team wins the Super Bowl, you want them to win by a few more points, but it's a Super Bowl victor, and it's how we feel about it", Cook said during the call.

While sales of Apple's iPhone did not deliver a big upside surprise, nor did they fall through the floor, as some anxious they might.

It also doled out another $3.2 billion in dividends and will boost them by 16 percent going forward. The company also did a better-than-expected job of monetizing its existing user base with services.

These metrics also don't mention where the new users of Apple Pay come from: the service launched in several new markets a year ago (it's now available in 21 markets), including Denmark and Finland.

Will the Korean Crisis Finally Bring the UN Into the Asian Century?
Hasina said Bangladesh has already discussed the matter with China, India, Thailand and Laos. "The lack of a U.N. Bangladesh and Myanmar signed the accord last November but no refugee has yet been sent back from Bangladesh.

Apple Pay continues its strong growth with active users more than doubling and transactions tripling year-over-year.

It's also hard to quantify how much of the repatriated money is being funneled to shareholders.

Apple has pledged to spend much of that money on its operations in the United States, a promise it reaffirmed in a news release Tuesday. Analyst estimates peg Apple's market share at 3% in overall smartphone sales, but in value terms it commanded a bigger share because of the high product prices.

Apple had been seen as being under particular pressure from cheaper rivals as the iPhone 8 range and the 10th-anniversary edition iPhone X received lukewarm reviews. The new phones include the $1,000 iPhone X, which Apple has touted as the best since the first iPhone was introduced in 2007.

"Cook delivers again despite rampant fears", noted GBH Insights analyst Daniel Ives, who last week warned Wall Street was in "full panic mode" ahead of Apple's results.

While several analysts did admit to missing the boat on the iPhone X, Apple yesterday announced that it had sold 52.2 million iPhone models during its fiscal Q2, slightly below the Wall Street consensus of 52.4 million units. Mac sales, meanwhile, were down 3 percent to 4.07 million, and while the Mac's $5.8 billion revenue was flat compared to previous year, ASP was up from $1392 to $1434. Overall company revenue grew 16 percent, to $61 billion. Citing Barclays analyst Blayne Curtis and others, Apple Insider mentions that there might not be an adapter bundled with any of the 2018 iPhones. The stock is now trading at almost $170, giving the company a value of about $840 billion. Netflix's so-called "contribution margin" for its streaming business - the metric the company uses to gauge margins on that segment - was 37 percent in 2017.

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