Warren Buffett Is Lovin' It -- Apple Stock Buybacks Remain In Full Swing -- August 7, 2023

Locator: 45376AAPL.

Link here.

When it comes to stock buybacks, Apple (AAPL) and Warren Buffett's Berkshire Hathaway are on the same page.

For more than a decade, Apple has made good on its history-making buyback plans, spending more than $573 billion on share repurchases since 2012. And in its most recent quarter, Apple spent another $18 billion on buybacks despite a third straight quarter in a row of declining revenues.

It's clear that Apple's buybacks have benefited Berkshire's bottom line. Buffett himself has said as much, telegraphing that he very clearly believes in Apple's consistent buyback program.

"At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us," Buffett wrote in Berkshire's annual shareholders letter this year. "The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose."

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Amazon Prime Video Sports

Surf Girls Hawai'i. Exactly what the title says.

Women's championship, North Shore, O'ahu, Hawai'i.

Pipeline, Sunset.

I may be a bit distracted the rest of this evening. LOL.

I'm lovin' it.