Apple has fared better than other mega-cap tech companies in the current market downturn, despite share prices dropping in recent days as production delays have been reported. The company’s strong earnings and generous share buybacks have made its stocks more attractive to investors in difficult times. ..
Apple is a safe haven for investors and provides insight into the gold standard, Gene Munster said. If they keep showing up making money like they’re making it and continuing to buy back shares, that sends a strong message.
Apple has been repurchasing its shares at a high rate over the past two years, totaling $90 billion. This has helped to support the company’s stock prices and give investors a better understanding of its intentions.
The bank’s results generated a healthy profit for the quarter, but analysts were prevented from sharply lowering their estimates in contrast to broad cuts from its peers. This caused the bank to maintain its strong financial position and continue to generate income.
Apple’s most expensive iPhone continues to be in high demand, despite the global economy slowing. The main issue at the moment is production delays due to the COVID-19 lockdowns in China, which analysts say are causing record wait times for deliveries. However, there is no indication that this will have a long-term impact on sales. ..
Apple has been hoarding cash for years under co-founder Steve Jobs, and CEO Tim Cook has been working on ways to better invest that cash and give it back to shareholders. As of the last quarter, he held $169 billion in cash and bonds, and Apple intends to have zero liquid liquidity going forward.
