Apple's board approves $110bn additional share repurchases, the largest US buyback in history.
Apple's board has approved an additional $110bn in share repurchases, the largest US buyback in history, surpassing the company's own record for the largest buyback value announced in 2018. The move comes alongside Apple's quarterly results, which exceeded investor expectations and predict a return to revenue growth. Apple's share price increased by as much as 7.9% in post-market trading, adding over $190bn in market value.
May 02, 2024
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