Apple Created History: Declares $110 Billion Share Buyback

Apple recently announced that they are going to buy back $110 Billion of their shares. This created a history in the United States setting the highest buyback record ever. In 2018, Apple announced that they would buy back their shares of $100 Billion. With this Apple now holds its position in the top 6 biggest buybacks in the history of the United States. Apple is leading the list of Top 6 with Chevron Corp and Alphabet Inc following their position in the list.

Hike In Apple’s Shares

After Apple’s announcement, the share of the company increased by 8% when trading started after market hours. The increase in the shares indicated that investors are very much interested in Apple’s buyback plan. If the increase continues to grow till Friday then Apple’s market value will grow up to $190 Billion.

The drastic jump in the increase of the market value of Apple is great news for the investors of this company. Before this increase in market value Apple was not going through a great phase as compared to other competitive companies called Magnificent 7. Before this Apple was experiencing a decline of 10%.

Related Posts

Apple decided to increase money by increasing the cash dividend by 4% and said that the company would buy back more of its shares worth $110 Billion. This is one of the biggest buyback plans of the company.

Previously Apple was not doing well as it did not earn much which was not expected but according to the experts the company did better. The company’s performance depicts that despite so much competition the smartphone market will grow more in the coming years.

Apple Still The Biggest Player

CEO of Apple Tim Cook stated that he has confidence in the growth of the company and the company will continue to earn more which is good news for Apple.

The report shared by Apple reflecting the surge in its share depicted the increase in market value price to $160 Billion which states that the investors have full confidence in the growth and future of the company.

Apple has faced various obstacles in its business including tough competition from other companies but Apple is focusing on the long run and futuristic growth of the company.

Tags: Apple
Admin

Recent Posts

UAE, Australia Launch Historic Trade Partnership Talks

According to WAM, it is the first time that the United Arab Emirates and Australia have claimed that they have… Read More

November 7, 2024

EB-5 Visa Program Remains Stable Despite Trump’s Return to White House

Americans are already giving some other reforms into the U.S. immigration policies following the return of Trump into the presidency… Read More

November 7, 2024

Gallant Night 3, UAE’s commitment to the health, relief, and well-being of Palestinians in need

Again, the gulf nation UAE is in news for its humanitarian efforts. According to the official news source WAM, the… Read More

November 7, 2024

Modi, MBS, Netanyahu, and More- Congratulate Trump on Winning 47th U.S. Presidency

After the victory of Donald Trump in the U.S. presidential election congratulations began pouring in from leaders around the world.… Read More

November 6, 2024

Kamala Harris Postpones Speech at Howard Amid Tight Race, Says Campaign Co-Chair

As reported by Fox News, “Vice President Kamala Harris will not speak to supporters tonight from her alma mater in… Read More

November 6, 2024

“Trump’s World”: Kyiv Prepares for New Reality as Trump Promises War’s End

Throughout his U.S. presidential campaign, Donald Trump asserted he could end Russia’s war in Ukraine within 24 hours. Now, with… Read More

November 6, 2024

This website uses cookies.

Read More