Apple has billions more to buy back its own shares
Apple shares have fared better than peers this year, falling 6.7% versus the 14% drop of the tech-heavy Nasdaq 100 index.
For years, Apple has been at the forefront of multi-billion dollar stock repurchases among technology mega-caps. According to Citigroup analyst Jim Suva, it may be about to raise its game.
Mr Suva has now estimated that the iPhone-maker might announce a buyback of $80bn to $90bn, while also increasing its dividend by 5% to 10%. All eyes will be on its second-quarter results due on April 28.




