Apple Plans to Buy $75 Billion More of Its Own Stock

[BeckyDem]

(Expect to hear candidates like Warren talk to the public about this insanity.)

By Jack Nicas

April 30, 2019

SAN FRANCISCO — Shortly after Apple used a new tax law last year to bring back most of the $252 billion it had held abroad, the company said it would buy back $100 billion of its stock.

On Tuesday, Apple announced its plans for another major chunk of the money: It will buy back a further $75 billion in stock.

“Our first priority is always looking after the business and making sure we continue to grow and invest,” Luca Maestri, Apple’s finance chief, said in an interview. “If there is excess cash, then obviously we want to return it to investors.”

Apple’s record buybacks should be welcome news to shareholders, as the stock price is likely to climb. But the buybacks could also expose the company to more criticism that the tax cuts it received have mostly benefited investors and executives.

https://www.nytimes.com/2019/04/30/technology/apple-stock-buyback-quarterly-results.html

[Aristus]

1. Not a penny to your employees? To improve the company? R&D? Anything?

Well, your shareholders will be happy, at least. It's a good thing nobody else matters, huh?

[BeckyDem]

2. Yep, pretty much.

[Hortensis]

3. Yes, callous disregard for the wishes and needs

of others rears its ugly head in many different situations. Wherever humans are involved, we'll see it among some.

[BeckyDem]

4. One only needs to look at who supports these types of policies and yes, the

contemptuous disregard for others becomes very clear.

[Hortensis]

5. The commonality is "me," and "I want," and

"they don't deserve." Disgust with unworthy victims and self righteousness generated to justify these behaviors are common wherever they're found, whether the prize is wealth or power or just exercise of partisan hostility.

[BeckyDem]

6. You mean like, WE the people? They involve individuals.

You are amusing but speak code rather poorly.

[jmowreader]

7. Apple already spends a lot on those things

I would really like it if they’d build a 9.7” iPad you could use for telephony via a Bluetooth earpiece, but in general I’m pretty happy with Apple R&D.

[SunSeeker]

8. Yup. That's what companies are doing with their Trump tax cuts.

They sure as fuck aren't handing out $2,000 raises like Trump promised would happen.

[BeckyDem]

9. Exactly. n/t