An analysis by Deutsche Bank’s Chris Whitmore shows a potential $50 billion stock buyback would boost Apple’s earnings per share by as much as $4.25 in 2014, AppleInsider reports. This comes in the wake of a meeting last week between Tim Cook and investor Carl Icahn where the possibility of expanding the company’s share buyback program was discussed.
Icahn made headlines last week when he reportedly invested over $1.5 billion in the Cupertino-based tech giant. This strong vote of confidence had a rather dramatic effect on AAPL, boosting it by over 20 points in less than a day.
Of course, the most important factor in further pushing Apple’s stock upwards is the continued announcement of innovative products, and with an iPhone event reportedly scheduled for September 10th, we won’t have to wait long on that front.
Icahn’s AAPL buyback advice could benefit Apple quickly, significantly originally appeared on TUAW – The Unofficial Apple Weblog on Mon, 19 Aug 2013 19:00:00 EST. Please see our terms for use of feeds.