They can only spend each dollar exactly once. In that sense it is binary. But of course they can decide to do buybacks and invest in stuff. That's what they're doing.
My point is that I don't get why a company like Apple doesn't see great investment opportunities for every last dollar they earn. Especially as they have really huge gaps in their strategy.
They are not on a great trajectory right now. The services business they want to expand on does not look that strong to me in spite of growing reasonably fast right now.
They can only spend each dollar exactly once. In that sense it is binary. But of course they can decide to do buybacks and invest in stuff. That's what they're doing.
My point is that I don't get why a company like Apple doesn't see great investment opportunities for every last dollar they earn. Especially as they have really huge gaps in their strategy.
They are not on a great trajectory right now. The services business they want to expand on does not look that strong to me in spite of growing reasonably fast right now.