Apple Stock News: $56 Billion Spent On Stock Buybacks In 2014
Following the activist Carl Icahn and other investors requests, Apple expanded its buyback program to $90 billion from $60 billion because it views its shares as undervalued. In Q4 2014 only, Apple spent not less than $17 billion on stock buybacks,a 240% year-over-year increase that marks the second-highest dollar amount spent on buybacks during a quarter by any individual company in the S&P 500 since 2005.