Apple’s $110 Billion Stock Buyback is the Largest in US History
The company, one of the largest in the world, has just approved an additional $110 billion in share repurchases, making it the biggest buyback in US history. This new approval surpasses Apple's previous record of $100 billion in share repurchases set in 2018, according to data from Birinyi Associates, which tracks buybacks going back to 1999.
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Lucas Astor commented
Apple's $110 billion stock buyback is the largest in U.S. history, showcasing the tech giant's financial strength and commitment to returning value to shareholders. This massive repurchase program helps boost Apple's stock price by reducing the number of outstanding shares, increasing earnings per share. It also reflects confidence in Apple's future performance and its robust cash flow generation. If you are interested in stocks then join us at Stocks.News for the most reliable and timely updates on Google stock news.
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