Apple is flush with a huge cash pile based on strong earnings boosted by the US tax cut plan of 2017.
Apple is returning another $100bn (£73bn) to shareholders. That came on top of $22.8bn in buybacks executed in the prior quarter.
Apple is returning another $100bn (£73bn) to shareholders. That came on top of $22.8bn in buybacks executed in the prior quarter.
Apple bought shares worth $23.5bn in the three months to March. It has purchased about $200bn of stock since 2012.
The new plan to buy back even more stock comes after the US changed its tax laws last year, lowering its corporate rate to encourage companies to return cash piles to America.
Apple also said it would increase the quarterly dividend by 16%.
No comments:
Post a Comment