Locked
Apple’s historic buyback keeps investors captivated
Apple's faring better than any other megacap tech company in this year’s bear market - shelling out more than $550 billion, and the technology juggernaut shows no signs of slowing down.
By Subrat Patnaik
Apple Inc. has shelled out more than $550 billion buying back its own shares over the past decade, more than any other US company, and the technology juggernaut shows no signs of slowing down.
Even with the stock under pressure the past few days because of production delays for its newest handsets, Apple has fared better than other megacap tech companies in this year's bear market. Solid earnings and generous buybacks have become a central part of the investment thesis, making the stock more attractive during turbulent times.
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