Apple's financial results for the 1st quarter of this year announced yesterday were probably not the most interesting thing that the Californian giant had prepared for the evening. In the call with investors, which was led by Tim Cook and other leading representatives of Apple after the announcement of the results, it was announced that Apple is preparing a giant buyback of its own shares.
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Apple according to his words, he specifically plans to buy back his own shares in the value of 110 billion dollars, which is just for an idea 2,5 trillion crowns. Given the astronomical amount, it probably won't surprise anyone that this is the largest share buyback in US history. What drives him to do that though Apple did not announce, however, it can generally be said that share buybacks will increase the share of the company's shareholders who will keep its shares. In addition, the price of the shares will increase due to the buyback, as there will be a smaller number of them "in circulation", or their availability will be lower. Shareholders who keep their shares will therefore earn from Apple's share buyback.
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In general, it will be very interesting to see how Apple fares financially in the coming months and years. The truth is that the past quarter is not one of the best again, because Apple both sales and profits fell year-on-year. Analysts expected an even bigger drop, but not the one Apple finally announced, is not very gratifying - all the more so when it is evident from it that the Californian giant is not "pushed by the shoe" anymore "only" in sales of iPads and Macs, which will logically increase after the end of the COVID-19 pandemic and the return of many people from the Home Office to offices, fell, but also in iPhone sales. Revenue from them fell year-on-year from $51,3 billion to $45,96 billion. It is therefore evident that they are not pulling as much as in previous years.
The big green candle on the chart looks pretty good 😍👍🏻