At the beginning of a very auspicious round for its shareholders, Apple (AAPL) stock opened Friday trading up 6%. This follows the tech giant’s announcement of a historic share buyback plan, combined with optimistic sales growth forecasts that offset investor concerns about weakened demand and competition in China.
The approval of an additional $110 billion in share buybacks, announced Thursday night, marks the largest such investment in the company’s history. Additionally, sales projections for the third quarter exceeded market expectations, suggesting renewed confidence in Apple’s future performance.
CEO Tim Cook has generated an environment of confidence among investors, highlighting upcoming product updates, which will begin with an event dedicated to the iPad on May 7. This focus on hardware is seen as a necessary boost after months of slow growth that have led some to question Apple’s position as an essential investment.
The buyback announcement reflects the strategy adopted by other American technology leaders to reassure investors during this earnings season. It is also interpreted as a sign of maturity in the industry.
Cook’s promise to share innovations in artificial intelligence at future events has raised expectations among analysts. These integrations are expected to power the next iPhone cycle and lengthen replacement cycles.
This optimism is reflected in the raising of price targets by at least 13 analysts, with an average view now at $200. an increase of 15% compared to the current closing price of the stock.
Apple shares trade at 25 times forward 12-month earnings estimates, compared with 30.5 for Microsoft. Despite losing the title of world’s most valuable company earlier this year to Microsoft, Apple continues to build confidence in the market.
Invest in Apple from Argentina
For invest in Apple quickly and easilyAll you have to do is open a client account in a brokerage company regulated by the National Securities Commission such as Bull Market Brokers, a free process that will not take more than five minutes, and, after depositing the desired funds, acquire Cedears.
The Cedears or Argentine Certificates of Deposit They are instruments that are equivalent to buying the underlying stock listed abroad (NASDAQ: AAPL), but they can be operated in pesos (BCBA: AAPL) and follow the evolution of the CCL dollar, so they allow you to avoid the Argentine risk and, at at the same time, hedge against a possible exchange rate jump.
