Apple spent $750B on buybacks for 10yrs and Tim Cook is overrated.
by inwallstreetbets
“Just imagine Apple had reduced buybacks and spent more on focused R&D in order to deliver on-device AI with more intelligent Siri…. The market cap. would be higher than $4T (Probably, a lot higher than NVDA).
Given the fact that Microsoft, Alphabet and Nvidia have reached a similar market cap. without spending so much on buybacks like Apple puts the question: “Tim Cook is a great CEO, but is he really THAT great?”.
Buybacks work as long as your business model is not affected by changed narratives, but with AI, I am excited to see how Apple will emerge the technology.”