Latest / Earn Your Leisure / Apple's Largest Stock Buyback Ever: What's Next?

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Apple's Largest Stock Buyback Ever: What's Next? · Earn Your Leisure

• 0:01
  Speaker 1: Earners.
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  Speaker 2: This episode is brought to you by P and C Bank,
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• 1:51
  Speaker 3: First, I want to talk about Apple, Yes, my baby.
• 1:55
  Speaker 3: Apple announces. Last week they announced the largest style buy
• 2:00
  Speaker 3: back ever one hundred and ten billion dollars, and that's
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  Speaker 3: despite iPhone sales dropping ten percent, stock going up around
• 2:09
  Speaker 3: six percent. Booster kind of settled after that, but it's yeah,
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  Speaker 3: it's it's you know, kind of moving in the right direction.
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  Speaker 3: If you look at this one month chart right back
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  Speaker 3: covering around one hundred and eighty fifty two weeks high
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  Speaker 3: was one hundred and ninety nine. So is this does
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  Speaker 3: this signal that Apple is back? On track.
• 2:34
  Speaker 2: Okay, man, well did we just put a mask on
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  Speaker 2: this thing?
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  Speaker 1: I think that it was a good move. This is
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  Speaker 1: the theme of this week. Good move, but not good enough.
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  Speaker 1: I like to buy back what I would have loved
• 2:47
  Speaker 1: to have seen new phone or planned for a new phone.
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  Speaker 1: To buy back the shares great. Great for investors to
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  Speaker 1: signal that, hey, I still believe in my own company,
• 2:58
  Speaker 1: believe in my stock right. The core issue though, of
• 3:02
  Speaker 1: the phone sales not being strong, it's not fixed, so
• 3:05
  Speaker 1: you're putting like duct tape over an ocean leak. I
• 3:12
  Speaker 1: like it. The stock one up as a result, I'm
• 3:14
  Speaker 1: still bullish on it long term, but until that core
• 3:17
  Speaker 1: issue it's fixed, I'm not hyper bullish on it. How
• 3:24
  Speaker 1: I want to be same like with the Drake thing.
• 3:26
  Speaker 1: I want to be like, Yo, Drake did it. Family
• 3:28
  Speaker 1: Matters was good. That was the buy back. It was cool,
• 3:32
  Speaker 1: it was not great. I think the biggest lesson that
• 3:34
  Speaker 1: we're learning from this and Starbucks. We talk about Disney later.
• 3:37
  Speaker 1: You have to have products and services that are so
• 3:40
  Speaker 1: amazing that your customer base cannot afford to not have them.
• 3:43
  Speaker 1: Same would invest Fest. They haven't told me who the
• 3:46
  Speaker 1: headline is going to be I can probably guess. But
• 3:49
  Speaker 1: where else are you going to see these people in
• 3:50
  Speaker 1: our community talk about how they're actually building their businesses.
• 3:53
  Speaker 1: They've had billionaires every year. I'm assuming somebody off the billionaire.
• 3:57
  Speaker 1: This is going to be there this year. Right, So
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  Speaker 1: I think Apple got comfortable. I know they're doing things
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  Speaker 1: with AI. I know Siri will be updated. This is
• 4:05
  Speaker 1: what the ten year anniversary of that being acquired. Great acquisition.
• 4:10
  Speaker 1: But until they fix this and make this better, I
• 4:15
  Speaker 1: think it's a band aid over a cut that really
• 4:17
  Speaker 1: needs surgery. But what do you guys think?
• 4:20
  Speaker 2: I think it's interesting. I'm with you on on on
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  Speaker 2: your take. I think the move may have been a
• 4:25
  Speaker 2: little bit predictable. I would imagine if they didn't do
• 4:28
  Speaker 2: the buy back, and if they didn't increase the giving in,
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  Speaker 2: what would the stock have done?
• 4:35
  Speaker 1: Oh Nelly going down down baby, right?
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  Speaker 2: And So if I know that's gonna if I I
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  Speaker 2: already have the numbers, I know that the iPhone sales
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  Speaker 2: are down. I know services well okay, MacBook was okay,
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  Speaker 2: iPad was Yeah. If I know that's coming, how do
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  Speaker 2: I get ahead of it? How do I get ahead
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  Speaker 2: of it? I have to do something that's going to
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  Speaker 2: have my shareholders feel confident in the company going forward.
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  Speaker 2: We haven't really talked about AI yet. Everybody's waiting for
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  Speaker 2: June seventh. We're not ready to talk about or give
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  Speaker 2: you any Well, he did say on the phone call
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  Speaker 2: that they're making leadways in that in that area of
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  Speaker 2: artificial intelligence. But the anticipation of a down quarter again
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  Speaker 2: declining sales in the iPhone, I think it was particularly Yeah,
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  Speaker 2: they had to do something.
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  Speaker 1: They had.
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  Speaker 2: They bought back shares, which obviously increases the uh, the
• 5:29
  Speaker 2: value of the remaining shares They're going to go up.
• 5:31
  Speaker 2: So yeah, it did go up over one eighty. I'm
• 5:34
  Speaker 2: interested to see what comes in June. Man, I'm not
• 5:37
  Speaker 2: I'm always going to be well, I'm not sure to
• 5:38
  Speaker 2: say always. I'm definitely bullish on Apple. I'm just interested
• 5:43
  Speaker 2: in what is going to happen. I think there's a
• 5:45
  Speaker 2: I feel like when we watched in video report after
• 5:48
  Speaker 2: they had that blowout quarter and it felt like, oh
• 5:50
  Speaker 2: my gosh, can they do it again? Can they do
• 5:52
  Speaker 2: it again? That build up of let's see if they
• 5:53
  Speaker 2: can do it. I feel like that type of atmosphere,
• 5:57
  Speaker 2: that type of temperature around this this June seventh announcement
• 6:01
  Speaker 2: is brewing. What is it going to be, how innovative
• 6:04
  Speaker 2: is it going to be, and where is it going
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  Speaker 2: to in the future for the company. So I'm watching
• 6:11
  Speaker 2: it closely. I'm watching it closely. I'm looking forward to
• 6:13
  Speaker 2: I'm looking for TV's, I'm looking for something, even the hints.
• 6:17
  Speaker 2: You know, sometimes they start releasing things early. You go
• 6:19
  Speaker 2: to these mac these websites or these OPhone websites. Yeah,
• 6:23
  Speaker 2: some like preview or details that got hacked and leaked.
• 6:27
  Speaker 2: I haven't seen anything yet, but I'm anticipating this and
• 6:30
  Speaker 2: I'm sure they are as well.
• 6:32
  Speaker 1: Even a five percent jump for the stock, that's too
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  Speaker 1: aggressive of a move for a multi trillion dollar company.
• 6:38
  Speaker 1: Even today, it's pulling back some as a result. It
• 6:41
  Speaker 1: should pull back to maybe one seventy two as a result.
• 6:46
  Speaker 1: I still love the stock long term. I'm just not
• 6:50
  Speaker 1: super bullish about it. If it gets back to one
• 6:53
  Speaker 1: sixty four, it's definitely a by a yad. But they
• 6:55
  Speaker 1: have to make a strong announcement in June, like I
• 6:59
  Speaker 1: haven't seen Mark Well, I'll talk about anything like the
• 7:03
  Speaker 1: tech influencers do you have to create? And I think
• 7:06
  Speaker 1: they're going through the same moment that Zuckerberg went through
• 7:08
  Speaker 1: in twenty twenty two, where like your back ends against
• 7:10
  Speaker 1: the wall, you have to reshift focus on what matters most.
• 7:14
  Speaker 1: I think they're trying to scramble and figure things out now.
• 7:16
  Speaker 1: I think they'll they'll get it together about next year.
• 7:18
  Speaker 1: But the summer is gonna be interesting for them, to
• 7:21
  Speaker 1: say the least, because even Apple fanboys are tired of
• 7:25
  Speaker 1: the same phone. Like, you know, it's bad when your
• 7:26
  Speaker 1: core audience is like, no, I'm gonna stay with the twelve,
• 7:31
  Speaker 1: I'm gonna stay with the thirteen.
• 7:33
  Speaker 4: Yeah.
• 7:33
  Speaker 2: And they were talking about the ad business. They were
• 7:35
  Speaker 2: talking about the revenue from that. But when you think
• 7:37
  Speaker 2: about it, we spoke about Google maybe a week ago,
• 7:40
  Speaker 2: two weeks ago. Most of that money is coming from Google.
• 7:43
  Speaker 1: Yep.
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  Speaker 2: So you're talking about a billion dollar transaction that they're
• 7:46
  Speaker 2: gonna have or they're gonna split between four quarters. They're all,
• 7:49
  Speaker 2: that's good, that's gonna be reliant in there. But if
• 7:52
  Speaker 2: this anti trusting doesn't go through, then what happens.
• 7:55
  Speaker 1: Yeah, they're bringing Super Mario Brothers back to the app store,
• 7:58
  Speaker 1: won't do it?
• 7:59
  Speaker 2: Yeah, I think that's going to do it. So, Yeah,
• 8:02
  Speaker 2: I mean, I'm looking right here at the Baron's article.
• 8:04
  Speaker 2: Is it literally says buy Apple ahead of its AI
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  Speaker 2: news at developers conference. Everybody's waiting. Everybody's waiting in the
• 8:11
  Speaker 2: analysts to waiting too, So I guess we'll be waiting
• 8:13
  Speaker 2: as well.
• 8:14
  Speaker 1: And the AI improvement has to be integrated into Syria.
• 8:17
  Speaker 1: If they just do moderate AI into and then should
• 8:22
  Speaker 1: GPT five's coming out soon. You have some serious competitors
• 8:26
  Speaker 1: right now as well.
• 8:26
  Speaker 2: It is now an app. It's no longer just on
• 8:28
  Speaker 2: the desk stode. Now you have the app yepthropic is there?
• 8:32
  Speaker 2: So what product do you think they need to move
• 8:35
  Speaker 2: the needle? They can't keep re rocking the same product
• 8:38
  Speaker 2: over and over again. Yeah, oh, let me think on
• 8:44
  Speaker 2: that one. Let me think on that one.
• 8:47
  Speaker 1: And I'm lucky. I don't want to East to Egg.
• 8:51
  Speaker 1: Nothing but the idea that they have for the stocks.
• 8:53
  Speaker 1: They should have invested in that too and not put
• 8:56
  Speaker 1: that to the side. They messed up on a car project.
• 8:58
  Speaker 1: Put the stock app to the ybro. We gotta think
• 9:02
  Speaker 1: these things through.
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