Supply chain channel check stories hurting skittish investors, enriching Apple’s shareholders

AppleInsider:

It might sound bad for investors long on Apple that the company’s stock price has dipped so dramatically once again on new reports that claim supply chain rumors are somehow, suddenly a good way to forecast iPhone sales after being completely wrong year after year. But that’s wrong, and here’s why.

In reality, shareholders who don’t panic actually benefit from the wild swings of transparent stock price manipulation because Apple is buying back incredible billions worth of its own shares, regardless of the price. The lower those shares reach, obviously, the better the return for the finite cash Apple has left to spend on buybacks this year.

Typically long-winded (and annoyingly repetitive) piece from AppleInsider but it is a good antidote to the “APPLE DOOMED!” stories coming out because of the recent stock slump.