Apple’s results are due tomorrow with analysts tipping a 5% decline on revenue, also tipped is a massive buyback of shares.

The number is expected to enter at $90 billion by Wall Street, which is equal to last year’s authorisation figure.

Angelo Zino, analyst at research firm CFRA has said, “We think they keep that intact.”

Apple has had the title of ‘buyback king’ for a decade. Between 2012 and 2022, they spent over $572 billion just on share repurchases.

They have also announced board authorisation levels in the second-quarter earnings report since 2013.

Analysts from Bank of America Securities have stated capital returns to be a “focus” in the report, with an expectation of $90 billion in authorisation. The same amount is estimated by Barclay’s analysts.

Investors are prepared for a down quarter, however the main question is guidance.