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Undaunted in the face of dwindling share prices, Apple tonight stepped forward to announce its repurchase of $14 billion in shares of AAPL. This move comes as a formidable show...
02-06-2014, 07:16 PM #1
Tim Cook: Apple is Buying Back $14 Billion in AAPL Shares
Undaunted in the face of dwindling share prices, Apple tonight stepped forward to announce its repurchase of $14 billion in shares of AAPL.
This move comes as a formidable show of conviction and optimism in response to investor concerns about the stock skid that has plagued Apple since late 2012.
The bold powerplay was confirmed to The Wall Street Journal by Apple CEO Tim Cook on Thursday.
Mr. Cook said Apple was "surprised" by the 8% decline in its shares on Jan. 28, the day after it reported quarterly results, and wanted to be "aggressive" and "opportunistic."
The move is expected to be especially pleasing to billionaire investor Carl Icahn, who has publicly pressured Apple for months to use its vast cash reserves to buy more shares of AAPL.
02-06-2014, 11:17 PM #2
02-07-2014, 04:49 AM #3
Carl Icahn been saying this ****. He gonna make a ton of dough.
02-07-2014, 06:23 AM #4
"aggressive" and "opportunistic." 14 billion is a ton of cash. To Apple it is a tear in the bucket. That billionaire investor that is always hounding Apple to buy back shares advised 100 billion. That is a significant gap. Who do we trust, the guy that makes his living making money off others or the company that is one of the most profitable in the world to date? :]
02-07-2014, 07:15 AM #5
Of course they will buy back.. When they release iPhone 6 with bigger screen and iWatch their stock will hit the sky.. If I had 1 billion right now I would put all in Apple shares.. I am pretty sure after their release I will have at least half a billion more :-)
02-07-2014, 08:09 AM #6
I personally will think it's hilarious if an iWatch never gets released - I'd like to think iWatch is a rumor created and continued by Apple to get their rivals to spend needless dollars trying to beat Apple to a product they never intend to actually come to market with.
02-07-2014, 11:58 AM #7
02-07-2014, 12:39 PM #8
It's about time cook did something smart for the company.