Bart Yee on Premarket: Apple is red - 'If anyone bothered to examine the Q2 2026 10Q, last quarter here’s what Apple did for share repurchases: Jan 2026 (a blackout month prior to reporting on Jan 29, also iPhone demand & sales known to have risen significantly, memory prices rising sharply, and supply constraints in SoC chips and memory BOM occurring) 41.032M sh @ ASP $259.26 = $10.64B spent Feb 2026 (blackout over, memory costs soaring, burning through retained inventory, new memory contracts for 2026 and new products introduction 2H26 now in play…oh, US begins Iran Conflict Feb. 28, 2026) 1.395M sh @ ASP $265.20 = $370M or $0.370B Mar 2026 (impacts of Iran Conflict multiply – oil & gas prices shoot up, shipping in MEA disrupted, costs for logistics spike, Helium for chips curtailed, memory prices continue to spike unabated (if you could even source any from any supplier, Apple continues to see iPhone and now new Mac Neo supply being constrained by parts shortages, plus margin erosion may begin…Oh, Apple announces CEO transition, Ternus & Parekh begin to exert influence on Financial policy, presumably with Cook & Board support…and more when I really think about it) 0.00M shares @ no price given = $0.000B spent Total 42.427M shares $11.0B spent Yes, you saw that correctly, Apple bought $10.6B and 42M shares in January, a blackout month, and then after the blackout was lifted / over, bought just 1.4M shares in Feb. and CEASED buying any shares through the end of the quarter. Were shares too expensive? Hardly, Feb shares ranged $255 to $275, avg ~$265, and March shares lower, range $245 to $263, avg ~ $254. So out of the AAPL market for 2 whole months going into earnings reporting. Shares were range bound otherwise, $245 low, $275 high, till now.'
on Bernstein raises its Apple target $10 to $350 - 'So now Dan will have to raise his target to stay on top? 🙂'
on Premarket: Apple is red - 'Wow!Talk about a negative spin to a story of positives! It’s illogical to say that buybacks DON’T support the stock price, and just as illogical to say that if they did it would somehow be a BAD THING. As they say in The Fantastics, moderation is the moral. Sure, if the underlying company was weak, it might, if the numbers were large enough, be somehow covering up weakness. But neither of those two things are true about Apple: It’s not weak, but strong, and there’s no way Apple’s buybacks constitute a major force on the quarterly market. Apple is, however, the largest single player in the AAPL market, and since it sits out the open market possibly one month out of each quarter (but still uses ASRs upon occasion even then), then it’s no surprise that, as I said, when the cat’s away the mice play. And vice versa. And the advantage to long term stockholders of Apple buying back undervalued stock is unarguable: Look at the average price Apple has paid for its anti-dilution program, and look at the present price, and you’ll see a huge difference. Meanwhile, buying back nearly half the float has in effect quietly nearly doubled the ownership per share of what was then a much, much smaller company. It was literally an investment that has paid forward an ROI, and it was bought at an average price that was itself a bargain. You know, I have no problem with being rationally convinced, because nobody has a right to their own facts, and if I’m wring, I’m more than happy to be taught I’m wrong. But standing off at a distance and lobbing unsubstantiated bombs is just the equivalent of fake news shouted at the top of one’s lungs, and that I have zero interest in even considering.'
on Premarket: Apple is red - 'If Apple is spending $100B a quarter on buybacks (actually probably less) then this works out to ~5M shares a day. According to SEC rules they can’t exceed 25% of daily volume. Today that was ~45M shares so 25% would be ~11M shares so Apple buybacks could be significant but not huge. Also, if I read the rules correctly, they can’t drive the price higher but they could set a floor. The buyback price can’t be higher than any other bid. I’m happy AAPl was up today, but I have no idea why it happened.'
on Carter Worth on Apple: 'It feels like there's very little downside' - '(”nicknamed Worthless”) Even with today’s reversal of Worth’s past recommendations (all negative), the nickname remains appropriate.'
on Carter Worth on Apple: 'It feels like there's very little downside' - 'If technical analysis worked reliably, Carter Worth would be worth a mint. He is not. If technical analysis worked reliably virtually every investment house would use it. They do not. I could go on.'
on Carter Worth on Apple: 'It feels like there's very little downside' - 'So those of us who have long memories about Carter Worth’s (nicknamed Worthless ) calls on Apple stock might be happy to hear him have a higher opinion on the stock today at 280 or so. Because many of us old timers likely were invested in the stock when it was 1/3 of the price or lower we are probably not that impressed. If you listened to his advice in the relatively recent past you potentially missed a huge return before he has upgraded his call to Neutral. Now I don’t judge people on only one stock call but his reluctance about Apple stock calls into question his whole methodology for valuing a company and its stock potential. On the other hand at least today we don’t have to hear how a chartist is predicting a drop coming in Apple stock repeated ad nauseam.'
on Bloomberg: Apple is flirting with Intel and Samsung behind TSMC's back (video) - 'Could these alternate fabs produce A-series Neo processors?'
on Bloomberg: Apple is flirting with Intel and Samsung behind TSMC's back (video) - 'That’s a clever observation Greg!'
on Premarket: Apple is red - 'Rodney: If I believed Apple’s trading price was materially influenced on a daily basis by share repurchases or the lack of share repurchases I would sell ever share I own because I would consider the underlying business to be unsound and the share price easily manipulated. This isn’t Game Stop. It’s Apple. Thank you for your thoughtful commentary and positive contributions to the comment stream at Apple 3.0.'
on Premarket: Apple is red - 'I hope that a green Apple can be explained without the propping by present buybacks.'
on Bloomberg: Apple is flirting with Intel and Samsung behind TSMC's back (video) - 'Maybe Apple doesn’t always need TSMC’s most advanced chips and can have secondary suppliers at the lower end.'
on Bloomberg: Apple is flirting with Intel and Samsung behind TSMC's back (video) - 'I think Apple is always having talks with all the chip makers. That is part of their ability to build their supply chain. I think Bloomberg is just trying to stir things up'
on Bloomberg: Apple is flirting with Intel and Samsung behind TSMC's back (video) - 'From all I’ve read, neither Samsung, nor Intel have decent yield on the most advanced nodes. The economics nullify these options. There may be a case for fabrication of multi-chip modules of some sort with either Samsung or Intel. Other rumors say Apple plans to use Samsung’s display for a foldable. Samsung makes the most memory chips, especially HBM. Surely Apple keeps TSMC informed.'
on Bloomberg: Apple is flirting with Intel and Samsung behind TSMC's back (video) - 'Agreed. Isn’t TSMC already building a chip fab in Arizona?'
