$Apple(AAPL)$ is in my Christmas wishlist. Apple often being viewed as a safe-haven investment, as it boasts a formidable balance sheet flush with cash and a steady stream of repeatable services income.

Apple generates massive amounts of cash. With free cash flow of ~$110 billion plus per year and net cash of $49 billion (as of year end FY22), Apple’s cash chest can support at least $110 billion plus in shareholder returns per year, amounting to 4-5% of its current market cap in the form of buybacks and dividends. I like its repurchase programs as they reduce the company's share count and lift earnings.

In addition to its value-creating capital-return program, the company is known for being a penny-pincher when it comes to acquisitions, decreasing the risk of Apple overspending on assets. Apple's largest public acquisition was Beats Electronics for $3 billion in 2014.

Even back then, however, this was a drop in the bucket for the company. 

@MillionaireTiger @CaptainTiger