Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10% Appleshares climbed 7% in extended trading on Thursday after the iPhone makerreportedfiscal second-quarter earnings that topped estimates and announced an expanded stock buyback program. Apple announced that its board ha...
Apple may buy back sharesWith no new products to boost earningsInvestors Business Daily
As of the end of 2023, Apple had spent $658 billion on buybacks over the past 10 years, far ahead of second-place Microsoft, according toS&P Dow Jones Indices. “For the last couple of years we were doing $90 billion and now we’re doing $110 billion,” Maestri said on the ...
that Apple paused the buyback last month while credit markets were acting abnormal or the situation in China didn’t bode well for the rest of the world. However, given its stellar balance sheet, there likely is no company in a better position than Apple to buy back shares during a ...
He went on to say that the company would share "updates" to its buyback program in March or April, roughly a year after it more thandoubled its capital return programto $100 billion. Apple has bought back $40 billion in shares over the past 12 months. ...
Apple said it has spent 27 billion dollars on share buybacks and dividends during the second quarter, and it will set aside 75 billion dollars for share repurchases. Apple no longer provides specific unit sales numbers of iPhone, iPad and Mac devices in its financial report, as it announced...
and predicted a return to growth that provided some relief to investors. That was accompanied by the board approving a $110 billion share buyback, the biggest in US history and breaking Apple’s own record. In combination, that has sent shares in the group higher in premarket trading, after...
Bolstered by the increased dividend and stock repurchase commitment, Apple’s shares rose nearly 7% in extended trading after the news came out. The stock price has fallen 10% so far this year, erasing about $300 billion in stockholder wealth. ...
The relentless rise of Apple's stock speaks to the power of Apple's capital return program, which spent $85.5 billion to repurchase shares and $14.5 billion on dividends in Apple's fiscal 2021. Apple is the "poster child" for share buybacks, spending more than $467 billion in t...
Apple announced that its board had authorised the spending of $90bn on share buybacks in the coming 12 months, as expected. Apple has repurchased nearly $600bn in shares over the past decade, according to S&P Global Market Intelligence. ...