Apple’s ability to boost profits with buybacks can continue for many years to come

“Apple’s ongoing buyback program provides a relatively clear path to high single digit EPS growth or better for the next five years, assuming its hardware revenues do not decline and its service segment grows at historical mid-teens,” Bernstein analyst Toni Sacconaghi writes in a note to clients on Wednesday.
Apple Park in Cupertino, California
Eric J. Savitz for Barron’s:A key element of the Apple investment story in recent years has been the company’s aggressive s