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> why a company like that would have a cash stockpile so gigantic (around 200 billion USD) for so long without a long-term plan shared with stakeholders? In th
by ogre_codes 6y ago
> why a company like that would have a cash stockpile so gigantic (around 200 billion USD) for so long without a long-term plan shared with stakeholders?
In the past 10 years, Apple has bought back over $400B worth of Apple stock, mostly at under $200/ share. This has massively reduced the number of shares on the market and been hugely rewarding to shareholders. They have shared their plan with shareholders, pretty much every quarter they put updates on how it's going.
They have a good summary of how they are performing on their plan on their site: https://s2.q4cdn.com/470004039/files/doc_financials/2020/q3/Q320-Return-of-Capital-Timeline.pdf https://s2.q4cdn.com/470004039/files/doc_financials/2020/q3/...
I'm not sure what kind of plan you had in mind, but what Apple has done has been spectacularly good for shareholders.