Apple 2Q19 Earnings Preview (Part 3 - 3Q19 Guidance, Updated Earnings Model, Final Thoughts), Apple's Incentive to Boost Buyback Authorization, Microsoft Surface Sales
Today's Above Avalon daily update includes the following topics:
Apple 2Q19 Earnings Preview (Part 3 - 3Q19 Guidance, Updated Earnings Model, Final Thoughts)
Apple's Incentive to Boost Buyback Authorization
Microsoft Surface Sales
Today's email concludes my Apple 2Q19 earnings preview. We look at my 3Q19 revenue guidance projection and updated Apple earnings model. (Access to my Apple earnings model is a benefit associated with Above Avalon membership at no additional cost.) We then go over my final thoughts heading into earnings next week.
The first two parts of my 2Q19 earnings preview are available: here (setting the stage) and here (iPhone, Services, Mac, Wearables / Home / Accessories, and iPad financial estimates).
The email then goes over additional comments on the latest Above Avalon article, “Apple’s $400 Billion Buyback Program.” In particular, we focus on why Apple’s board still has an incentive to continue increasing buyback authorization by significant amounts. We conclude with my thoughts on the latest Microsoft Surface sales.
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