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"Apple announced that its board had authorized $110 billion in share repurchases, a 22% increase over last year’s $90 billion authorization. It’s the largest in
by nope96 2y ago
"Apple announced that its board had authorized $110 billion in share repurchases, a 22% increase over last year’s $90 billion authorization. It’s the largest in history, ahead of Apple’s previous repurchases, according to data from Birinyi Associates." - https://www.cnbc.com/2024/05/02/apple-aapl-earnings-report-q2-2024.html https://www.cnbc.com/2024/05/02/apple-aapl-earnings-report-q...
- voisin 2y agoHow much did they actually use of the $90b authorization last year?
- adam_arthur 2y agoThe % share reduction on a Buyback is relative to the market cap of the company (plus issuance), the absolute number isn't relevant from a return perspective. $110B is less than 5% of market cap (not including issuance for equity comp)