'Positive' on Apple, RBC Capital's Muller Says

The video discusses Apple's stock price target, which has been raised to $358 due to positive guidance and share buybacks. The upcoming 5G release is expected to drive a long-term upgrade cycle, potentially boosting the iPhone business. Additionally, Apple's cash position, with over $116 billion in net cash, is analyzed. The company is expected to continue its significant share buyback strategy, which supports its EPS and market position. Acquisitions are possible, but buybacks remain a priority.

What is the expected annual buyback amount for Apple shares?

What is the significance of the buyback activity for Apple's earnings per share (EPS)?