WEBVTT - Apple's Largest Stock Buyback Ever: What's Next?

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<v Speaker 2>This episode is brought to you by P and C Bank,

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<v Speaker 3>First, I want to talk about Apple, Yes, my baby.

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<v Speaker 3>Apple announces. Last week they announced the largest style buy

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<v Speaker 3>back ever one hundred and ten billion dollars, and that's

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<v Speaker 3>despite iPhone sales dropping ten percent, stock going up around

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<v Speaker 3>six percent. Booster kind of settled after that, but it's yeah,

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<v Speaker 3>it's it's you know, kind of moving in the right direction.

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<v Speaker 3>If you look at this one month chart right back

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<v Speaker 3>covering around one hundred and eighty fifty two weeks high

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<v Speaker 3>was one hundred and ninety nine. So is this does

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<v Speaker 3>this signal that Apple is back? On track.

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<v Speaker 2>Okay, man, well did we just put a mask on

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<v Speaker 2>this thing?

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<v Speaker 1>I think that it was a good move. This is

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<v Speaker 1>the theme of this week. Good move, but not good enough.

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<v Speaker 1>I like to buy back what I would have loved

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<v Speaker 1>to have seen new phone or planned for a new phone.

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<v Speaker 1>To buy back the shares great. Great for investors to

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<v Speaker 1>signal that, hey, I still believe in my own company,

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<v Speaker 1>believe in my stock right. The core issue though, of

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<v Speaker 1>the phone sales not being strong, it's not fixed, so

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<v Speaker 1>you're putting like duct tape over an ocean leak. I

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<v Speaker 1>like it. The stock one up as a result, I'm

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<v Speaker 1>still bullish on it long term, but until that core

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<v Speaker 1>issue it's fixed, I'm not hyper bullish on it. How

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<v Speaker 1>I want to be same like with the Drake thing.

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<v Speaker 1>I want to be like, Yo, Drake did it. Family

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<v Speaker 1>Matters was good. That was the buy back. It was cool,

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<v Speaker 1>it was not great. I think the biggest lesson that

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<v Speaker 1>we're learning from this and Starbucks. We talk about Disney later.

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<v Speaker 1>You have to have products and services that are so

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<v Speaker 1>amazing that your customer base cannot afford to not have them.

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<v Speaker 1>Same would invest Fest. They haven't told me who the

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<v Speaker 1>headline is going to be I can probably guess. But

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<v Speaker 1>where else are you going to see these people in

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<v Speaker 1>our community talk about how they're actually building their businesses.

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<v Speaker 1>They've had billionaires every year. I'm assuming somebody off the billionaire.

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<v Speaker 1>This is going to be there this year. Right, So

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<v Speaker 1>I think Apple got comfortable. I know they're doing things

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<v Speaker 1>with AI. I know Siri will be updated. This is

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<v Speaker 1>what the ten year anniversary of that being acquired. Great acquisition.

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<v Speaker 1>But until they fix this and make this better, I

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<v Speaker 1>think it's a band aid over a cut that really

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<v Speaker 1>needs surgery. But what do you guys think?

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<v Speaker 2>I think it's interesting. I'm with you on on on

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<v Speaker 2>your take. I think the move may have been a

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<v Speaker 2>little bit predictable. I would imagine if they didn't do

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<v Speaker 2>the buy back, and if they didn't increase the giving in,

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<v Speaker 2>what would the stock have done?

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<v Speaker 1>Oh Nelly going down down baby, right?

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<v Speaker 2>And So if I know that's gonna if I I

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<v Speaker 2>already have the numbers, I know that the iPhone sales

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<v Speaker 2>are down. I know services well okay, MacBook was okay,

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<v Speaker 2>iPad was Yeah. If I know that's coming, how do

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<v Speaker 2>I get ahead of it? How do I get ahead

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<v Speaker 2>of it? I have to do something that's going to

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<v Speaker 2>have my shareholders feel confident in the company going forward.

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<v Speaker 2>We haven't really talked about AI yet. Everybody's waiting for

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<v Speaker 2>June seventh. We're not ready to talk about or give

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<v Speaker 2>you any Well, he did say on the phone call

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<v Speaker 2>that they're making leadways in that in that area of

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<v Speaker 2>artificial intelligence. But the anticipation of a down quarter again

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<v Speaker 2>declining sales in the iPhone, I think it was particularly Yeah,

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<v Speaker 2>they had to do something.

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<v Speaker 1>They had.

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<v Speaker 2>They bought back shares, which obviously increases the uh, the

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<v Speaker 2>value of the remaining shares They're going to go up.

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<v Speaker 2>So yeah, it did go up over one eighty. I'm

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<v Speaker 2>interested to see what comes in June. Man, I'm not

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<v Speaker 2>I'm always going to be well, I'm not sure to

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<v Speaker 2>say always. I'm definitely bullish on Apple. I'm just interested

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<v Speaker 2>in what is going to happen. I think there's a

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<v Speaker 2>I feel like when we watched in video report after

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<v Speaker 2>they had that blowout quarter and it felt like, oh

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<v Speaker 2>my gosh, can they do it again? Can they do

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<v Speaker 2>it again? That build up of let's see if they

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<v Speaker 2>can do it. I feel like that type of atmosphere,

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<v Speaker 2>that type of temperature around this this June seventh announcement

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<v Speaker 2>is brewing. What is it going to be, how innovative

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<v Speaker 2>is it going to be, and where is it going

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<v Speaker 2>to in the future for the company. So I'm watching

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<v Speaker 2>it closely. I'm watching it closely. I'm looking forward to

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<v Speaker 2>I'm looking for TV's, I'm looking for something, even the hints.

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<v Speaker 2>You know, sometimes they start releasing things early. You go

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<v Speaker 2>to these mac these websites or these OPhone websites. Yeah,

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<v Speaker 2>some like preview or details that got hacked and leaked.

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<v Speaker 2>I haven't seen anything yet, but I'm anticipating this and

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<v Speaker 2>I'm sure they are as well.

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<v Speaker 1>Even a five percent jump for the stock, that's too

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<v Speaker 1>aggressive of a move for a multi trillion dollar company.

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<v Speaker 1>Even today, it's pulling back some as a result. It

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<v Speaker 1>should pull back to maybe one seventy two as a result.

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<v Speaker 1>I still love the stock long term. I'm just not

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<v Speaker 1>super bullish about it. If it gets back to one

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<v Speaker 1>sixty four, it's definitely a by a yad. But they

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<v Speaker 1>have to make a strong announcement in June, like I

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<v Speaker 1>haven't seen Mark Well, I'll talk about anything like the

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<v Speaker 1>tech influencers do you have to create? And I think

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<v Speaker 1>they're going through the same moment that Zuckerberg went through

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<v Speaker 1>in twenty twenty two, where like your back ends against

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<v Speaker 1>the wall, you have to reshift focus on what matters most.

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<v Speaker 1>I think they're trying to scramble and figure things out now.

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<v Speaker 1>I think they'll they'll get it together about next year.

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<v Speaker 1>But the summer is gonna be interesting for them, to

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<v Speaker 1>say the least, because even Apple fanboys are tired of

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<v Speaker 1>the same phone. Like, you know, it's bad when your

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<v Speaker 1>core audience is like, no, I'm gonna stay with the twelve,

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<v Speaker 1>I'm gonna stay with the thirteen.

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<v Speaker 4>Yeah.

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<v Speaker 2>And they were talking about the ad business. They were

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<v Speaker 2>talking about the revenue from that. But when you think

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<v Speaker 2>about it, we spoke about Google maybe a week ago,

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<v Speaker 2>two weeks ago. Most of that money is coming from Google.

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<v Speaker 1>Yep.

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<v Speaker 2>So you're talking about a billion dollar transaction that they're

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<v Speaker 2>gonna have or they're gonna split between four quarters. They're all,

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<v Speaker 2>that's good, that's gonna be reliant in there. But if

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<v Speaker 2>this anti trusting doesn't go through, then what happens.

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<v Speaker 1>Yeah, they're bringing Super Mario Brothers back to the app store,

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<v Speaker 1>won't do it?

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<v Speaker 2>Yeah, I think that's going to do it. So, Yeah,

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<v Speaker 2>I mean, I'm looking right here at the Baron's article.

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<v Speaker 2>Is it literally says buy Apple ahead of its AI

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<v Speaker 2>news at developers conference. Everybody's waiting. Everybody's waiting in the

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<v Speaker 2>analysts to waiting too, So I guess we'll be waiting

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<v Speaker 2>as well.

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<v Speaker 1>And the AI improvement has to be integrated into Syria.

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<v Speaker 1>If they just do moderate AI into and then should

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<v Speaker 1>GPT five's coming out soon. You have some serious competitors

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<v Speaker 1>right now as well.

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<v Speaker 2>It is now an app. It's no longer just on

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<v Speaker 2>the desk stode. Now you have the app yepthropic is there?

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<v Speaker 2>So what product do you think they need to move

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<v Speaker 2>the needle? They can't keep re rocking the same product

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<v Speaker 2>over and over again. Yeah, oh, let me think on

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<v Speaker 2>that one. Let me think on that one.

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<v Speaker 1>And I'm lucky. I don't want to East to Egg.

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<v Speaker 1>Nothing but the idea that they have for the stocks.

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<v Speaker 1>They should have invested in that too and not put

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<v Speaker 1>that to the side. They messed up on a car project.

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<v Speaker 1>Put the stock app to the ybro. We gotta think

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<v Speaker 1>these things through.

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<v Speaker 4>An illegal alien from Guatemala charged with raping a child

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