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Apple's $500 billion buyback spree exceeds Visa, Exxon's market value

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Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth

. Only eight companies in the S&P 500 are worth more than Apple's outlay on buybacks to date.

Indeed, Apple has spent north of $50 billion a year buying its own stock since 2018. It splurged $90 billion on buybacks in its last financial year, and repurchased $56 billion worth of its shares in theMoreover, the iPhone maker's board recently approved another $90 billion of repurchases. That amount exceeds the total worth of

 

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