Apple's Record Stock Buyback in 1Q16, Apple Building Secret AR/VR Team
Today's Above Avalon stories:
- Apple's Record Stock Buyback in 1Q16
- Apple Building Secret AR/VR Team
We begin today's email by examining Apple's share buyback activity in 1Q16. Upon closer examination, management did not repurchase any shares during December. While some have taken this fact and concluded management may have slowed down buyback due to weaker iPhone sales, there are a few reasons why I'm skeptical of that line of thinking. We discuss how management is buying back shares like there is no tomorrow. We then shift over to the FT's report on Apple building an AR/VR team numbering in the hundreds. How should we think about this development? What would be Apple's goals by assembling such a team? We focus on these questions and how AR/VR would fit within Apple's big picture.
These stories are available for Above Avalon members. To continue reading, click here.
Become an Above Avalon member to read today's stories and receive future stories in a daily email containing 2-3 stories (10-12 stories/week). You can use the payment forms/links below to sign up ($20/month or $200/year). For more information on membership, click here.