Apple LogoDuring today's second quarter earnings release, Apple said that it is launching a new share repurchase authorization of $100 billion, with a 16 percent increase in quarterly dividend.

Apple expects the execution of its previous $210 billion share repurchase authorization to wrap up by the end of the current quarter, three quarters earlier than originally expected. From Apple CEO Tim Cook:

Recent corporate tax reform makes it possible for us to executive our program more efficiently. Given our strong confidence in Apple's future, we're announcing a significant update. Apple's Board approved an additional $100 billion share repurchase authorization, as well as a 16 percent increase in quarterly dividends, effective with the next divided later this month.

Following tax reform in the United States that will allow Apple to repatriate its overseas cash at a lower tax rate, Apple has said that it wants to reduce its net cash balance to zero, a goal it will accomplish through share buybacks, increased dividend payouts, acquisitions, and investments into research and development.

Apple CFO Luca Maestri said that Apple wants to maintain the cash it needs to fund day to day operations, invest in the future, and provide the flexibility it needs to respond strategically to opportunities that arise.

Maestri also said that Apple plans to execute its share buyback program thoughtfully, efficiently, and at a fast pace. Apple will provide updates on the program at the end of every quarter.

After the news of Apple's $100 billion share buyback program, Apple stock is up 4 percent in aftermarket trading.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Top Rated Comments

hlfway2anywhere Avatar
44 months ago
Investors have watched Apple closely because they have over $250 billion offshore that they can bring into the US cheaply now, because of the GOP corporate tax reduction from 35% to 15%. The GOP assured us that this gigantic inflow of money would trickle down to workers in the form of wage increases and bonuses. Knowledgeable economists said this would not happen. So what is Apple doing with their cash? Lowering prices? Raising salaries on employees at Apple stores? Giving iPads to schools? No. Apple just announced a 16% increase in their dividend and a $100 billion buyback of their own stock. This is a HUGE windfall for Apple stockholders. The rich are getting richer. It is good to pause from time to time and reflect on how dishonest the Republicans are, and how naive their supporters are to keep believing the lies.
Score: 23 Votes (Like | Disagree)
star_nerdy Avatar
44 months ago
Well, that escalated quickly.
Of course it escalated quickly. We are talking about a tax cut that promised Americans all kinds of wonderful things and that it would grow the economy.

The tax cuts were never designed to grow the economy. Tax cuts were designed to give the rich more money. If we wanted to grow the economy, we could have tied tax cuts to investment in our country. For example, if you want a tax cut, show you’re speeding up hiring. If you want a tax cut, show you’re building a factory.

The same thing happened under Bush when he did a tax holiday in 2004. Job growth was promised under Bush. Instead, companies repatriated money, cut jobs, and dis stock buy backs.

https://www.cnbc.com/2017/04/26/what-happened-the-last-time-companies-got-a-break-on-overseas-profits.html
Score: 15 Votes (Like | Disagree)
IJ Reilly Avatar
44 months ago
You realize anyone can buy stock right? Even partial shares? Maybe you should do that instead of the next thousand dollar phone that is marginally different than the one you own and let go of some of this bitterness.
I look at reasoning of this kind and can only shake my head and wonder, wonder how anyone can miss a point by such a huge distance. As a member of the investor class myself (that is, one whose income comes predominantly from unearned sources), I could say that these tax cuts were not designed to overwhelmingly benefit people in my situation, instead the wider population that is much more in need. I could say that, but it wouldn't actually be true.
Score: 8 Votes (Like | Disagree)
Scottsoapbox Avatar
44 months ago
Investors have watched Apple closely because they have over $250 billion offshore that they can bring into the US cheaply now, because of the GOP corporate tax reduction from 35% to 15%. The GOP assured us that this gigantic inflow of money would trickle down to workers in the form of wage increases and bonuses. Knowledgeable economists said this would not happen. So what is Apple doing with their cash? Lowering prices? Raising salaries on employees at Apple stores? Giving iPads to schools? No. Apple just announced a 16% increase in their dividend and a $100 billion buyback of their own stock. This is a HUGE windfall for Apple stockholders. The rich are getting richer. It is good to pause from time to time and reflect on how dishonest the Republicans are, and how naive their supporters are to keep believing the lies.
You realize anyone can buy stock right? Even partial shares? Maybe you should do that instead of the next thousand dollar phone that is marginally different than the one you own and let go of some of this bitterness.
Score: 7 Votes (Like | Disagree)
keysofanxiety Avatar
44 months ago
Investors have watched Apple closely because they have over $250 billion offshore that they can bring into the US cheaply now, because of the GOP corporate tax reduction from 35% to 15%. The GOP assured us that this gigantic inflow of money would trickle down to workers in the form of wage increases and bonuses. Knowledgeable economists said this would not happen. So what is Apple doing with their cash? Lowering prices? Raising salaries on employees at Apple stores? Giving iPads to schools? No. Apple just announced a 16% increase in their dividend and a $100 billion buyback of their own stock. This is a HUGE windfall for Apple stockholders. The rich are getting richer. It is good to pause from time to time and reflect on how dishonest the Republicans are, and how naive their supporters are to keep believing the lies.
Well, that escalated quickly.
Score: 6 Votes (Like | Disagree)
chizzlebot Avatar
44 months ago
I take it you are disappointed that the CEO of the world’s most valuable company, who supported Hillary Clinton, is not meeting your ideological expectations? Likewise, it appears an Apple board member that won a Presidential popular vote as a democrat who also opposes Trump will not make your Christmas card list either.

While this matter is not a right or left issue (but you care to make it one), than blame your own party that manages this company and hold them responsible. If you would like to take a realistic approach, as the Apple board has, invest and stop complaining. You will never get “rich” demanding another's earned money.
This is highly illogical. I'm not an American and don't care for your politics. That said, the issue of wealth distribution has a complex history and both political sides have patronised the 'trickle down' ideology at one time or another. The simple fact OP presented is that the current republics have championed this current approach as benefiting average Americans and as OP pointed out, it is not bearing fruit with Apple as the example. While he may not be correct in the long run or this may not be a particularly compelling example of this policy going wrong, his point remains unchallenged by your response.

Who Apple supported is irrelevant, who is on Apples board is irrelevant. Apple is a private company that will do what suits their bottom line. You are building straw men to win an non existent argument that suits your apparent political allegiances.
Score: 6 Votes (Like | Disagree)

Top Stories

calculatorapp

iOS 11 Bug: Typing 1+2+3 Quickly in the Calculator App Won't Get You 6

Tuesday October 24, 2017 2:03 pm PDT by
A bug in the built-in Calculator app in iOS 11 is getting some major attention this week, despite the fact that it's been around since iOS 11 was in beta testing. At issue is a calculator animation that causes some symbols to be ignored when calculations are entered in rapid succession. You can try it for yourself: Type 1+2+3 and then the equals sign into the Calculator app quickly. Due to...
gradiente iphone white

Brazilian Electronics Company Revives Long-Running iPhone Trademark Dispute

Tuesday May 19, 2020 1:06 pm PDT by
Apple has been involved in a long-running iPhone trademark dispute in Brazil, which was revived today by IGB Electronica, a Brazilian consumer electronics company that originally registered the "iPhone" name in 2000. IGB Electronica fought a multi-year battle with Apple in an attempt to get exclusive rights to the "iPhone" trademark, but ultimately lost, and now the case has been brought to...
iPhone 13 Dummy Thumbnail 2

Full iPhone 13 Feature Breakdown: Everything Rumors Say We Can Expect

Tuesday August 31, 2021 7:50 am PDT by
With the launch of Apple's iPhone 13 lineup believed to be just a few weeks away, we have compiled all of the coherent rumors from our coverage over the past year to build a full picture of the features and upgrades coming to the company's new smartphones. For clarity, only explicit improvements, upgrades, and new features compared to the iPhone 12 lineup are listed. It is worth noting that...
original iphone

Phil Schiller Says iPhone Was 'Earth-Shattering' Ten Years Ago and Remains 'Unmatched' Today

Monday January 9, 2017 7:15 am PST by
To commemorate the tenth anniversary of the iPhone, Apple marketing chief Phil Schiller sat down with tech journalist Steven Levy for a wide-ranging interview about the smartphone's past, present, and future. The report first reflects upon the iPhone's lack of support for third-party apps in its first year. The argument inside Apple was split between whether the iPhone should be a closed...
iPhone 13 Dummy Thumbnail 2

Kuo: iPhone 13 to Feature LEO Satellite Communications to Make Calls and Texts Without Cellular Coverage

Sunday August 29, 2021 7:39 am PDT by
The iPhone 13 will feature low earth orbit (LEO) satellite communication connectivity to allow users to make calls and send messages in areas without 4G or 5G coverage, according to the reliable analyst Ming-Chi Kuo. In a note to investors, seen by MacRumors, Kuo explained that the iPhone 13 lineup will feature hardware that is able to connect to LEO satellites. If enabled with the relevant...
maxresdefault

New MacBook Pro Models Coming at WWDC, Suggests Leaker

Monday May 24, 2021 1:27 pm PDT by
New MacBook Pro models are coming at WWDC, according to leaker Jon Prosser who has a mixed track record when it comes to predicting Apple's plans. Subscribe to the MacRumors YouTube channel for more videos. Prosser provided no additional information, but there are new 14 and 16-inch MacBook Pro models in the works. The new MacBook Pros will feature the most radical redesign to the MacBook Pro ...
omg lightning cable comparison

Security Researcher Develops Lightning Cable With Hidden Chip to Steal Passwords

Thursday September 2, 2021 6:59 am PDT by
A normal-looking Lightning cable that can used to steal data like passwords and send it to a hacker has been developed, Vice reports. The "OMG Cable" compared to Apple's Lightning to USB cable. The "OMG Cable" works exactly like a normal Lightning to USB cable and can log keystrokes from connected Mac keyboards, iPads, and iPhones, and then send this data to a bad actor who could be over a...
iphone 12 colors 2021

iPhone 12 Colors: Deciding on The Right Color

Thursday November 5, 2020 8:35 am PST by
The iPhone 12 and iPhone 12 Pro arrived last October in a range of color options, with entirely new hues available on both devices, as well as some popular classics. The 12 and 12 Pro have different color choices, so if you have your heart set on a particular shade, you might not be able to get your preferred model in that color. iPhone 12 mini and iPhone 12 The iPhone 12 mini and iPhone 12...
Top Stories 75 Thumbnail

Top Stories: Last-Minute iPhone 13 Rumors, Apple Announces App Store Changes, and More

Saturday September 4, 2021 6:00 am PDT by
The finish line is in sight! Apple's annual iPhone event is likely just a week or so away and all eyes will be on the company as it unveils the next version of its most popular product line. With any luck, we'll also see the next-generation Apple Watch and perhaps even some new AirPods. Other news this week saw Apple making some more changes to its App Store policies in response to a...
M1X MBP Feature

Leaker: Upcoming MacBook Pro to See Price Hike Over Current Model, Equal Performance Across 14 and 16-Inch Sizes

Tuesday August 24, 2021 5:28 am PDT by
The upcoming 14-inch MacBook Pro is set to be more expensive than the current 13-inch MacBook Pro and both the 14 and 16-inch models will offer the same performance, according to the leaker known as "Dylandkt." The leaker shared the information on Twitter, explaining that both of the upcoming MacBook Pro models, expected to come in 14 and 16-inch sizes, will feature the same performance due...