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If you think this (and eventual tax treatment and advantages) is somehow unfair, you’re not taking into account the -risk- shareholders take in buying the stock of any company. There’s no guarantee they’ll make money. They could certainly lose, based on a multitude if different factors.

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Share buybacks have been deemed more beneficial (for shareholders, remember) because Apple feels (based on things they know) that the cash is better used for retiring shares (they are -retired- and removed from the market) than any of the other options.

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They can (and in the past, they did) hold large amounts of cash and invested it. Eventually they decided to go cash neutral and then eventually take in some debt, over a period of many years. If you look at their financials for the last 20 or 25 years you’ll see the historical progression of this.

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Dividends are good, but it’s a forced distribution quarterly to shareholders, who then have no control of timing. (Don’t complain about timing of these things, as investment strategy, because that’s not being realistic about how things work).

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They already spend tons on R&D, so forget that one. They won’t R&D things just to throw money at the wall. They buy other companies when the fit and technology is strategically right, but none large enough to dent the necessary use of cash. They won’t buy Disney just to spend, for instance.

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David Miller @dmiller62.bsky.social · 03/08/2026

All of the hundreds of billions that went into share buybacks had to go somewhere. The choices are: spend on R&D; buy other companies; dividends; share buybacks; or hold the cash and invest it. This is done on behalf of the shareholders: what does Apple feel is the best use of all that money.

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That’s not true. Stock buybacks eventually tend to increase the price of shares. When shareholders sell those shares, they pay capital gains tax in the gains. More gain from buybacks = more taxes paid.

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David Miller @dmiller62.bsky.social · 03/08/2026

Don’t be ridiculous. Workers were paid salary and benefits. That’s what’s due to someone who’s solely an employee. Workers were also free to invest in Apple stock as much as they wanted and participate in the end benefits of buybacks and dividends, the same as all other shareholders.

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David Miller @dmiller62.bsky.social · 13/04/2026

Wait, you went to medical school?

David Miller @dmiller62.bsky.social · 06/04/2026

In the spirit of today’s NASA adventure, here’s my shot of the Moon from 2024.

David Miller @dmiller62.bsky.social · 22/02/2026

Might I venture to say “what an asshole”.

David Miller @dmiller62.bsky.social · 12/01/2026

I did that to myself 30 years ago. The surgery and recovery/getting it to work again weren’t fun. All I can say is 😒 every time it happens to a pro athlete. Achilles is under such stress, you wonder that it doesn’t happen more often.

The New York Times @nytimes.com · 19/12/2025

Reposted by David Miller

Breaking News: Workers began adding President Trump’s name to the Kennedy Center, despite no action by Congress to legally rename it. This sparked outrage among the Kennedy family, since it was built to be a living memorial to the 35th president.

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Trump Live Updates: Kennedy Center Adds Trump’s Name to Facade, DOJ to Release More Epstein Files

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David Miller @dmiller62.bsky.social · 12/12/2025

You can copy everything from the kid’s generation into ours, too. We get more; so much more.

David Miller @dmiller62.bsky.social · 04/12/2025

Early evening moon and clouds. iPhone 17 Pro, main camera, night mode, RAW, processed in Lightroom Classic.

David Miller @dmiller62.bsky.social · 23/11/2025

Happy belated Caturday from Junie and Miguel.🙂 #photography #cats #caturday

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David Miller @dmiller62.bsky.social · 18/11/2025

His name is Sam, he’s extremely shy with strangers, and he lives with my son in Brooklyn. I haven’t managed to glimpse him in several years; this was as rare as spotting an endangered species. 🙂 (iPhone 17 Pro 4X telephoto, low light, RAW, processed in Lightroom Classic)

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David Miller @dmiller62.bsky.social · 14/11/2025

Happy end-of-week-day from Junie, and her brother Miguel. #photography #cats

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Reposted by David Miller

Joshua Reed Eakle 🗽 @joshuaeakle.com · 07/11/2025

Remember the time Obama personally caught a fainting woman during his speech — rather than just blankly staring like a sociopath? Character isn't something you tell people about. It's something you live.

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Reposted by David Miller

John Pavlovitz @johnpavlovitz.bsky.social · 07/11/2025

He is not a good human being in any way that such things are objectively measured. And good people don't align with this, no matter what story they tell themselves. Only bad people still support him. johnpavlovitz.substack.com/p/no-good-pe...

johnpavlovitz.substack.com

No, Good People Don't Still Support Him

Everyone believes they're essentially a good human being.

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Reposted by David Miller

Ron Filipkowski @ronfilipkowski.bsky.social · 05/11/2025

Trump, surrounded by sycophants, lickspittles and toadies who praise and worship him in his gilded palace, can’t imagine why his subjects aren’t eager to trade their constitutional republic and rights for his will, since he knows more than anyone else about everything.

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Reposted by David Miller

Amanda Katz @katzish.bsky.social · 05/11/2025

Looks like people do NOT like being fired, kidnapped, and starved

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Reposted by David Miller

Robert Reich @rbreich.bsky.social · 05/11/2025

The lesson of history is that tyrants cannot be appeased. Appeasement only feeds their insatiable hunger for power. Tyrants prey on people who feel unsafe and vulnerable. But without mass submission, a tyrant is powerless. Remember this.

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Reposted by David Miller

Bailey McCann @baileymcc.bsky.social · 05/11/2025

This person took this when they called the race

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Reposted by David Miller

Aaron Rupar @atrupar.com · 05/11/2025

Mamdani: "New York will remain a city of immigrants, a city built by immigrants, powered by immigrants, and as of tonight, led by an immigrant."

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Reposted by David Miller

Alexandria Ocasio-Cortez @aoc.bsky.social · 05/11/2025

😎😎😎😎 GOOD THINGS CAN STILL HAPPEN 😎😎😎😎

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Reposted by David Miller

𝕊𝕦𝕟𝕕𝕒𝕖 𝔾𝕦𝕣𝕝 @sundaedivine.lol · 05/11/2025

At the risk of sounding corny, history won’t remember who stood furthest left or right, only who stood up.

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Reposted by David Miller

Pete Buttigieg @petebuttigieg.bsky.social · 04/11/2025

For millions of Americans, today will bring the chance to be heard. If there's an election where you live, then you get to send a message on the policies and leadership you believe in - and begin changing the trajectory of this country.

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David Miller @dmiller62.bsky.social · 24/10/2025

No proof this actually happened - the only source being that Trump said it. O different than a “Dear Sir” story. The amount is pathetically tiny related to any distribution of it.

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David Miller @dmiller62.bsky.social · 20/10/2025

For me, I want all of the detail, so I can crop in, find new things inside of them, and also make prints, sometimes very large prints. For casual glancing at images scaled down on a screen, you’re right:

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Michael Feinberg @michael-feinberg.bsky.social · 19/10/2025

(Of “course”, Bluesky dumbs down both of the original images unevenly, so the iPhone actually seems better than it is in comparison. I’ll leave those up. The detailed crops attached tell the real story).

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Reposted by David Miller

There has never been a day during which I did not love my country, but I cannot think of a day where I admired as many of my fellow citizens as I do right now.

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(This is the town of Manarola, in Italy, Cinque Terre, seen across the water from the town of Corniglia, a little more than a mile away).

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So, bottom line is: iPhone 17 is amazing for what it can do with essentially no size and weight, physically tiny optics and sensor, vs massively larger and heavier (and much more $$$$) Canon and advanced optics. It’s the reason to carry the Canon equipment around for things that aren’t casual.

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(iPhone HEIC image adjusted in Lightroom Classic to match the Canon RAW color as closely as possible) Now, at first glance, you say “how great the iPhone is, I can barely tell these apart), but zoom in and look more closely. Here are a few top bottom detail comparisons: (obviously Canon on top)

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Indivisible ❌👑 @indivisible.org · 19/10/2025

Comparison: Canon EOS R5 mirrorless camera with RF 70-200 f2.8L zoom; vs iPhone 17 Pro, telephoto lens at 4x (200mm equivalent). Canon image first, then iPhone. Read and see more in the thread below.

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Reposted by David Miller

This is what democracy looks like. #NoKings

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David Miller @dmiller62.bsky.social · 18/10/2025

You’re looking a little undernourished.

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David Miller @dmiller62.bsky.social · 10/10/2025

Here’s a small crop detail from the full resolution version of the last one: