Analyst expects Apple to add up to $100 billion to buyback program
Due to the COVID-19 outbreak, many companies are suspending their plans for buybacks, but Apple is expected to remain aggressive. Two analysts on Wednesday said the Cupertino Colossus is likely to add up to $100 billion to its buyback plan next week.
Emily Bary for MarketWatch:Apple has about $100 billion in net cash and the company has set out to become net-cash neutral “over time.”The company “will likely announce an authorization for $75 billion to $100 billion in buybacks&r
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