It's like you think that going private is a bad thing or is a sign of financial struggle. But it's quite the opposite; a company that goes public is basically borrowing money from a shitload of small investors, and giving away the control of the company to a group of board members elected by the investors.
Wow. When a company sells stock they are selling a share of the company to the public. They are not *borrowing money*.
In fact, a company "borrowing money" and selling equity is completely opposite from each other.
Dell's revenue, profit, and stock price had been declining for years before they went private:
https://www.google.com/finance?q=NASDAQ%3ADELL&fstype=ii&ei=n-oFVKiwMdDm8QbZpIH4Bg
And from that point there is an ongoing conflict between the people in the company who want to work on long term projects and the investors who want to see the stock price go up and to receive higher dividends quarter after quarter.
And that didn't seem to be a problem for Apple transitioning from a computer company to a company where most of its revenues from phones....
Apple has a buyback program but it's not making a dent.
Not making a dent in what? Apples stock is at an all time high.
Then maybe they will have the opportunity to do like Dell, but I doubt it because Apple never had the kind of cash Dell has.
Apple right now has $67 billion in cash and cash equivalents. Dell had to borrow the money for the buy out.