Mr. Cook said Apple was “surprised” by the 8% decline in its shares on Jan. 28, the day after it reported lower iPhone sales than projected and warned that revenue in the current quarter might decline from the same period a year ago. Mr. Cook said he wanted to be “aggressive” and “opportunistic.”
With the latest purchases, Mr. Cook said Apple had bought back more than $40 billion of its shares over the past 12 months, which Mr. Cook said was a record for any company over a similar span.
Related Posts
- 41Apple has removed the world’s most popular bitcoin wallet from its App Store. Late Wednesday, the tech giant yanked the Blockchain app from the popular mobile app marketplace and did not provide a specific reason, says Nicolas Cary, the CEO of Blockchain. The app is currently used by about 120,000…
- 41Why is America’s largest cable TV company buying its biggest rival for $44 billion? Well, not to oversimplify things, but that’s easy to explain: http://qz.com/176837/one-sentence-and-six-charts-explain-why-comcast-is-buying-time-warner-cable/
- 30This week, despite being shortened by the observance of Presidents Day with markets closed on Monday, promises a packed schedule of key events that could significantly impact financial markets: 1. Presidents Day, Markets Closed - Monday The week kicks off with a quiet start as U.S. financial markets take a…