Apple spent $100 billion in R&D over the last five years. They have a stated goal to get to net cash neutral through buybacks, dividends, and investments. They can’t easily pour another $100 billion into R&D in a year and expect to get a good return on that investment.
The idea that they are doing a share buyback and not investing in new product lines is also not well founded. They are almost certainly doing both.
The idea that they are doing a share buyback and not investing in new product lines is also not well founded. They are almost certainly doing both.