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Apple Poised to Boost Buybacks by $90 Billion, Citi Says

  • Analyst expects new repurchase program and dividend increase
  • Apple has more than $200 billion in cash on its balance sheet
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Photographer: SeongJoon Cho/Bloomberg
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For years, Apple Inc. has been at the forefront of multi-billion dollar stock repurchases among technology mega-caps. According to Citigroup Inc. analyst Jim Suva, it may be about to raise its game.

In a note published Tuesday, Suva estimated that the iPhone maker might announce a buyback of $80 billion to $90 billion, while also increasing its dividend by 5% to 10%. All eyes will be on its second-quarter results due after the closing bell on April 28.