$AAPL can’t sell iPhones or innovate anymore, but they can sure buy back stock.

May 3, 2024 11:11 am by CWR

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$AAPL can't sell iPhones or innovate anymore, but they can sure buy back stock.

— RJR Capital (@RJRCapital) May 2, 2024

$AAPL revenue continues its 2 year of decline down -4.5% YoY yet the P/E is 27 near the record high of 30.

Apples nominal revenue has not increased since 2022. Adjusted for inflation it’s even worst. pic.twitter.com/cwb18hRxpl

— Golden Coast (Cassandra) (@GregCrennan) May 2, 2024

See also The Euphoriameter hit a record 1.1 points. An all-time high 43% of investors doubting a stock market crash. The Schiller P/E ratio has hit 23-year highs. Enjoy the euphoric exit pump!

See also Record-high U.S. consumer confidence in the stock market often signals impending downturns.