Apple Discloses Key App Store Financial Data Point, Apple to Curtail Buyback Pace?, Weighing Buyback vs. Cash Dividends
Today's Above Avalon daily update includes the following stories:
Apple Discloses Key App Store Financial Data Point
Apple to Curtail Buyback Pace?
Weighing Buyback vs. Cash Dividends
We kick off today’s update with a look at a key financial metric Apple just disclosed regarding the App Store. With this data point in hand, we reach a number of valuable insights regarding the App Store’s performance in 2019. The discussion then turns to a recent Barron’s article calling for Apple to cut the pace of share buyback given the steep rise in stock price. We go over my thoughts on the idea and the factors that will play a role in Apple determining its capital return plans in 2020.
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