Part 6/9:
Contrarily, Apple Inc. impressed markets with its robust earnings, reporting a 16% increase in revenue to approximately $61 billion and a 25% increase in net income to around $13.8 billion. This performance is bolstered by aggressive share buybacks and a favorable product mix, particularly driven by the success of the iPhone X.
Buoyant Buybacks and Dividends
Apple is using its tax reform benefits to engage in a significant share repurchase program, with the firm committing to a new $100 billion buyback initiative. This strategic focus on buybacks not only enhances shareholder value by reducing the number of outstanding shares but also contributes to increasing earnings per share over time.