Apple’s Huge Buyback Will Need to Come With Blowout Earnings

Citigroup estimates Apple could announce a $90 billion buyback
Apple shares are 11% lower in April, most since February 2020

Apple is expected to announce a share buyback program of as much as $90 billion. — Apple is expected to announce a share buyback program of as much as $90 billion.
Photographer: SeongJoon Cho/Bloomberg

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By Subrat Patnaik and Ryan Vlastelica

April 27, 2022 at 10:48 AM UTC

Updated on

April 27, 2022 at 1:34 PM UTC

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A massive buyback may not be enough for Apple Inc. investors amid the worst month for big tech since the global financial crisis. The market’s reaction to Alphabet Inc.’s report shows it will also need blowout earnings.

Seen as a safe haven within the FAANG cohort, Apple is expected to announce a share buyback program of as much as $90 billion when it unveils its quarterly results after the close on Thursday.