Linked by Thom Holwerda on Tue 23rd Apr 2013 22:35 UTC
Apple "Apple just posted its hotly-anticipated Q2 2013 earnings, and the company posted a profit of $9.5b on revenues of $43.6b, compared to $11.6b in profit on $39.2b in revenue this quarter last year and $13.1b in profit on $54.5b in revenue last quarter. That's right in line with the company's guidance from last quarter. Most importantly, iPhone sales are fairly flat year-over-year. Apple sold 37.04 million in Q2 2013 versus last year's 35.1 million, a modest growth of seven percent. iPad sales for the quarter were 19.5 million, up a massive 65 percent from last year's 11.8 million, but the average selling price (ASP) dropped fairly steeply year-over-year, likely due to the introduction of the cheaper iPad mini."
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RE[2]: apple stock purchases
by unclefester on Fri 26th Apr 2013 06:20 UTC in reply to "RE: apple stock purchases"
unclefester
Member since:
2007-01-13

The real purpose of most buybacks is to artificially raise the stock valuation by reducing the total number of shares. This in turn increases the bonuses of senior executives. It is legal but totally unethical.

Reply Parent Score: 2