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Apple Raises Dividend; Launches $110 Billion More in Buybacks

publication date: May 5, 2024
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Image: Apple’s fiscal second quarter of 2024 didn’t disappoint. 

Apple’s massive buyback announcement stole the show, but on a fundamental basis, things are looking on the up and up for iPhone sales, despite a heightened competitive environment in China. According to reports, Apple CEO Tim Cook told CNBC that “overall sales would grow in the ‘low single digits’ during the June quarter.” We’re huge fans of Apple’s Services business, the expected pick-up in iPhone sales coupled with a strong showing with respect to returning cash to shareholders.


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