Jim Cramer Says Apple is “Addicted to Buying Back its Own Stock”

Group 1 - Apple Inc. is recognized as a "serial repurchaser" of its own stock, indicating management's belief that the stock is undervalued [1] - The company has been buying back stock at an annual rate of 4%, which highlights its commitment to returning value to shareholders [1] - The launch of the new iPhone 17 coincides with the discussion of Apple's stock buyback, suggesting a strategic timing for the company [1] Group 2 - Apple designs and sells a range of products including smartphones, computers, tablets, wearables, and accessories, as well as offering cloud, support, and advertising services [2]