Wilbur and I agree on something important. Shareholder value.
Shareholders do not deserve dividends, in this case, specifically, Apple’s dividends. And, Apple should stop giving dividends to shareholders and stop buying back shares. Why? Shareholders do nothing for Apple and do not deserve anything except a growing stock price– only so long as the company grows and remains profitable.
Legally, shareholders are owners of a company, but in Apple’s case they provide little to no value to Apple.