Subject: Re: Chris Bloomstran ,
Remember that Apple has essentially sent back the value of Warren Buffett's entire life's work (~$1 Trillion), as excess capital it didn't need, in the last 12 or 13 years. What remains after that trillion bucks was mailed out is valued at $3 trillion.
Will they mail shareholders another $1 Trillion of excess capital they don't need in the next 10 years?

As an aside---
Just a reminder that a share buyback is not in any way a distribution to shareholders. Yes, they mailed out that money, but it didn't go to shareholders, it went to people agreeing no longer to be shareholders. Buyback money isn't a "yield" in any sense of the world, the way some people portray it. For an investor it's just capital allocation, not different from the company purchasing shares of a different company. In neither case does the shareholder get that money to spend.

Jim