What Could AAPL Stock Fans Expect on April 28?
$Apple(AAPL)$is not new to share repurchases. Apple spent $85.5 billion on buying stock and $14.5 billion on dividends in its most recent fiscal year, which ended in September of last year. However, this is just the first step in their plan to grow and evolve.
Most tech giants, including Apple, are cash cows. Apple has a lot of cash sitting in its coffers right now. In fact, their total cash hoards are at $202.6 billion, and they've got investments piling up by the minute.
Furthermore, Citibank analysts say that Apple's stock is undervalued and not considering the company's potential. Jim Suva said the company is releasing some really exciting gadgets in the future, particularly augmented-reality/virtual-reality headsets and a new Apple car. However, shares aren't reflecting this right now.
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