A share buyback is when a company uses its money to buy shares of its own stock. This effectively removes those shares from the market, reducing the total number of outstanding shares in the company. Since there are fewer shares on the market, it should theoretically make the remaining shares more valuable.
The company said its board approved the repurchase of $110 billion in AAPL stock. According to Bloomberg, that makes this share buyback the largest in U.S. company history.
Hardly. The company has made numerous buybacks over the past decade. As a matter of fact, while its $110 billion buyback this week is a record-breaker, Apple is actually breaking its own previous record.
[
add
]
[
|
|
...
]