Apple Has a Problem -- and Investors Should Love It

Despite being a $2.8 trillion company, Apple faces challenges in maintaining its historical success. As of March 30, 2024, Apple holds a massive $162.3 billion in cash, prompting plans to achieve a net cash-neutral position. The company is boosting its stock buyback program by $110 billion and increasing its dividend payout by 4%.

However, Apple's fiscal 2024 Q2 results showed a 4% drop in revenue to $90.8 billion, with significant declines in iPhone, iPad, and wearables sales. In response, CEO Tim Cook hinted at upcoming product announcements involving artificial intelligence, potentially revitalizing sales and enhancing investor appeal.