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Apple's free cash flow could surge under new IRS rules


A new U.S. tax law could give Apple a multibillion-dollar lift in free cash flow, with the effects possibly starting soon.

A new U.S. tax law could give Apple a multibillion-dollar lift in free cash flow, with the effects possibly starting soon. In an investor note seen by AppleInsider, Morgan Stanley estimates Apple could gain $12.2 billion in free cash flow in fiscal 2026. Despite the potential uses, Apple is expected to stick to its usual capital strategy, including large buybacks and modest dividend growth.

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