$Apple(AAPL)$ Apple's buyback and product cycle could give the stock another boost. The bigger picture isn't just about last quarter's performance. Bank of America expects Apple to announce a new $100 billion buyback authorization during its earnings call, along with a 5% dividend increase. That's a familiar move for the company, but it still matters. Not many businesses can generate cash like Apple and use it to support their stock. Then there's the product story, which might really excite investors. The company believes the iPhone 18 Pro and a foldable iPhone will launch in autumn 2026. It also mentioned that an improved Siri with Gemini AI integration could be a reason for future upgrades. Bank of America forecasts $106 billion in sales and $1.82 per share in profit for the June quarter, again above consensus. Yes, there are concerns about margins due to rising memory prices and returning hardware seasonality. But it also thinks Apple has ways to counter, such as supplier clout, a diverse product mix, and potential price hikes.
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