John Paczkowski

Recent Posts by John Paczkowski

Apple Bought a Ton of AAPL Last Quarter

We are very fortunate to be in a position to more than double the size of the capital return program we announced last year. We believe so strongly that repurchasing our shares represents an attractive use of our capital that we have dedicated the vast majority of the increase in our capital return program to share repurchases.”

Apple CEO Tim Cook, April 2013

mr-toad-appleApple’s share buyback program is proving to be quite a bit larger than originally conceived.

Though its original plan called for the repurchase of 10 million shares in its third fiscal quarter of 2013, Apple instead bought up 36 million shares. It spent about $16 billion* to do so, buying up shares at an average price of between $444 and $488, according to some back-of-the-napkin math by Apple 2.0 and Asymco.

A massive purchase, indeed. For the same money, Apple could have acquired Nokia. Or BlackBerry and HTC together, with cash left over. As Dediu quips, “One way to think of it, is this is Apple’s greatest acquisition ever.”

Clearly, Apple has a very bullish view of its own future, and is confident that its share price is headed upward — despite the beating it has taken in the past few months.

* $4 billion in cash + $12 billion via an accelerated share repurchase program

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik