Scalper1 News
With no new products to boost its financial results, Apple (AAPL) is likely to announce plans to return more cash to shareholders when it posts fiscal second-quarter numbers next week, Bernstein Research analyst Toni Sacconaghi said Wednesday. Apple (AAPL) is scheduled to release Q2 results after the close on April 23. “We expect Apple to announce a decision on incremental cash returns on its earnings call,” Sacconaghi said in a research report. “We believe that many (particularly value-oriented) shareholders are looking for Apple to provide a framework and commitment for capital return, such as a minimum percentage of ongoing free cash flow that would be returned to shareholders.” Apple is likely to increase its existing stock-buyback program, Sacconaghi said: “We believe that Apple may add $30 billion to its current repurchase plans through year-end CY15.” Scalper1 News
Scalper1 News