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Carl Icahn presses Apple to buy back more shares, says stock

October 08, 2014

Apple will probably hold off on making any immediate decisions on its capital returns program and will take a look at what its business needs are, said Harry Wang, director of health and mobile product research at Parks Associates. Six months from now, it’s possible that Apple could increase its share buybacks or dividends if that makes sense for the business, he said.

But if Apple decides to increase its capital returns program, it would take away money from the company’s cash reserves — funds that could go toward acquisitions or investing in new technology, analysts said.

From the article "Carl Icahn presses Apple to buy back more shares, says stock" by Wendy Lee.

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