Apple has bought $ 14 billion of its own shares in two weeks since the presentation of financial results that disappointed Wall Street (read: Q1 2014: CA $ 57.6 billion for Apple), said the CEO Tim cook in an interview.
Apple CEO said he was surprised by the 8% drop in stocks on January 28, the day after the sales announcementiPhone lower than expected. Tim Cook says he wants to be more ” aggressive “And” opportunistic “
In addition, Tim Cook said Apple had bought more than $ 40 billion of its shares in the past 12 months, which he said was a record for a company over a similar period.
These purchases are part of Apple’s plan to buy back $ 60 billion from its own stock. Among these 14 billion, Cook said that Apple bought $ 12 billion of shares through an “accelerated” share buyback program, and 2 billion on the public market. Finally, he added that his company plans to update its share buyback program in March or April.