Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Is Carl Icahn Disappointed in Apple Inc.?

Apple's  (NASDAQ: AAPL  )  latest earnings release might be disappointing to investors, but there's one particular shareholder who won't be pleased. Carl Icahn has been pushing Apple to implement a share repurchase program in excess of $50 billion for this fiscal year, but the company just disclosed that it repurchased $5 billion of stock in the fiscal first quarter. That's just a tenth of the repurchase activity that Icahn wants.

Last fiscal year, Apple repurchased nearly $23 billion in stock, of which $12 billion came from an accelerated repurchase program. At current levels, Apple is on track to repurchase $20 billion worth of shares this fiscal year. However, if the earnings figures cause Apple to begin trending lower, the board could be opportunistic and boost repurchase activity in the coming weeks -- which would be even more accretive to current shareholders.

In the following video, Evan Niu discusses Apple's latest buyback activity with Ashraf Eassa.

Apple's volatility got you down?
There's a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (4) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 28, 2014, at 1:38 AM, TheGreatFoolish1 wrote:

    are you kidding? 160 billion isn't enough? I can see keeping cash on hand, but to suggest they need it in case the worst happens is absurd. They have 10 years of operating cash assuming they don't ever sell another product. Let just agree that if they go 10 years without bringing in another dime of revenue they should just call it quits.

  • Report this Comment On January 28, 2014, at 1:44 AM, TheGreatFoolish1 wrote:

    I forgot to add, they have more cash on hand than the market cap of intel. perhaps they should buy intel. it's only at 122 bil right now.

    other companies they could buy:







    really, how much cash is enough?

  • Report this Comment On January 28, 2014, at 6:24 AM, dadeuce wrote:

    Apple needs a Business Man to run the company not a Tech geek. Tech Geeks should focus on R&D. I agree 160 Billion in cash, There's a term for this....Hording.

  • Report this Comment On January 28, 2014, at 8:53 AM, RickRickert4MVP wrote:

    ^ Hording is defined as 1) a large group, multitude, number, etc.; a mass or crowd: a horde of tourists. or 2) a tribe or troop of Asian nomads.

    I'm not really sure what a "large group" or "troop of Asian nomads" has to do with Apply and Carl Icahn. Please explain.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2811999, ~/Articles/ArticleHandler.aspx, 8/29/2015 5:14:29 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Ashraf Eassa

Ashraf Eassa is a technology specialist with The Motley Fool. He writes mostly about technology stocks, but is especially interested in anything related to chips -- the semiconductor kind, that is. Follow him on Twitter:

Today's Market

updated 19 hours ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:00 PM
AAPL $113.29 Up +0.37 +0.33%
Apple CAPS Rating: ****