Apple Announces Record Buyback: the Company is Running Out of Investing Ideas

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Last week, Apple revealed its largest buyback program in history. Apple plans to repurchase $110 billion worth of its stock. What does it mean for the company?

Last week, Apple revealed its largest buyback program in history. Apple plans to repurchase $110 billion worth of its stock. This is not the first time Apple buys back its own shares. The previous record was set in 2018 when Apple announced a $100 billion buyback. Share buybacks are a part of Apple’s investment strategy. Specific numbers vary from quarter to quarter, but Apple is increasing the size of regular share repurchases over time.

Last week, Apple revealed its largest buyback program in history. Apple plans to repurchase $110 billion worth of its stock. revealed revealed This is not the first time Apple buys back its own shares. The previous record was set in 2018 when Apple announced a $100 billion buyback. Share buybacks are a part of Apple’s investment strategy. Specific numbers vary from quarter to quarter , but Apple is increasing the size of regular share repurchases over time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 532. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Insurer AIA's first-quarter new business value rises 31%, announces $2 billion buybackInsurer AIA's first-quarter new business value rises 31%, announces $2 billion buyback
Source: Investingcom - 🏆 450. / 53 Read more »