Apple's Disastrous Q2 2024 Results Overshadowed By $110B Buybacks [Seeking Alpha]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: Seeking Alpha
The company's March quarter revenue declines continue to highlight risks of persistent market share loss in its key iPhone and Mac segments, despite an impending PC and smartphone recovery. Apple's uncertain AI strategy and lack of growth initiatives also poses risks to its valuation outlook. With continued uncertainties to its fundamental prospects, the confidence stemming from Apple's approved buybacks is likely to wear off soon. Looking for more investing ideas like this one? Get them exclusively at Livy Investment Research. Learn More » Apple Inc. NASDAQ: AAPL ) has shown increased volatility this year. In addition to investors rotating in and out of haven trades amid the ongoing AI frenzy, Apple also faces company-specific woes that have been weighing on its valuation prospects. Yet, the March quarter double beat , albeit a low bar to clear, was further boosted by the board's authorization of an additional $110 billion in share buybacks. This has sent the stock surging i
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