Apple, a big company that makes phones and computers, bought back lots of its own shares. This means they used a lot of money to make the number of their shares smaller, so each share is worth more now. They did this even though Steve Jobs, who started the company, didn't really like doing this with money. Some people think this might not be good because Apple should use that money to make new and cool things instead of just making the shares worth more. But other people are happy about it because they think Apple is smart for using its money in a way that makes them even richer. Read from source...
- The article seems to focus more on the historical contrast between Steve Jobs and Tim Cook's views on shareholder returns than on the current implications of Apple's massive stock buyback.
- The article uses anecdotal evidence from a single quote by Jobs in 2010, which may not reflect his overall perspective or how he would react to Apple's situation today.
- The article implies that growth companies prefer reinvesting profits over returning value to shareholders, but does not provide any data or analysis to support this claim. It also ignores the fact that some of the most successful and innovative companies in the world, such as Berkshire Hathaway and Alphabet, have adopted a mix of both strategies.
- The article cites social media users' criticisms of Cook as evidence of a lack of vision or innovation at Apple, but does not provide any concrete examples or sources to back up these claims. It also fails to acknowledge that Apple continues to invest in research and development, acquire new technologies, and launch new products and services.
- The article ends with an advertisement for Benzinga's services, which may create a conflict of interest or bias the author's perspective on Apple's performance and stock buyback.
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