Apple (NASDAQ: AAPL): Value Depends On The Durability Of Brand In A Rapidly-Changing World
- Apple’s intrinsic value depends on future earnings.
- The value that an investor sees in Apple today should be derived from a combination of the company’s growth prospects and buyback program.
- Buybacks only add value if executed at prices below intrinsic value.
This article was originally published on Seeking Alpha on March 5, 2019 and is only available to subscribers to its website at this time.