Interesting look at AAPL and Apple from Andrew Bary:
Apple shares are no longer a bargain after doubling in the past year.
Duh. So, Apple, stop buying shares. Do something else with the money. But what?
During its latest fiscal year that ended in September, Apple bought back $67 billion in stock and paid out $14 billion in dividends. The shares, which rose $2.37, or 0.8%, to $299.80 on Monday, trade just below the record high of $300 set on Jan. 2.
Uh oh. I suspect customers are being ignored.
Apple could take a more-balanced approach and double its dividend while cutting back the annual buyback program by $15 billion to around $52 billion.
Yep. Don’t look for more products or lower prices from Apple.