Xwli Ford at CES 2016
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Tim Cook announced this program just after reiterating that Apple culture is what sets the company apart. We have a tremendous culture of innovation, Cook said. It the same culture that bought the iPhone and the iPad, he continued.Last year, Apple announced that it would spend $45 billion over multiple years to hand out as dividends. It is more than doubling this program to $100 billion by the end of 2015. The $55 billion that were set aside today will be used for the share repurchases as well as dividends.The advantage of a share buyback program is that Apple s stanley cup hows that it stanley cup is a confident company because it is decreasing the number of shares outstanding. Those programs usually stanley bottles boost the stock. A few days ago, Apple shares dropped below $400 after trading at $700 in September 2012. It represents a stark downturn and something that should slightly worry Apple.The board has increased the share buyback authorization to $60 billion compared to $10 |
