A story about Apple’s share buyback, dark days and innovation
Apple’s shares are breaking all barriers and with every new product release, people’s confidence in Apple is getting even stronger. With the fat wallet it has, Apple no longer even needs depend upon its shareholders for money. While Apple’s shares are soaring at $605 a share (Rs. 30,250 just in case you are interested), Apple has launched a grand campaign to buyback its shares. For the first time in years, Apple is also announcing a quarterly dividend for its shareholders.
Personally, if I had some Apple shares, I wouldn’t have sold them, no matter what. There is no downside to Apple at least for the coming years. Hanging on to a few hundred of these could make one a millionaire!