Apple: Don’t Worry About The Cash Position


  • Apple Inc.’s net cash position is near a multi-year low.
  • Free cash flow is enough to sustain buyback for several years.
  • Lower share count negates some impact of lower buyback.

Apple Store

Nikada/iStock Unreleased via Getty Images

There is no doubt that technology giant Apple Inc. (NASDAQ:AAPL) has been very generous to its shareholders over the past decade. The company’s massive share repurchase plan has been the key part of a

Capital Returns

Apple Capital Returns (Company IR Page)

Free Cash Flow

Apple Free Cash Flow (Apple Financial Statements)

Buyback Power

Apple Buyback Power (Author’s Example)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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