Apple’s Historic Buyback Keeps Investors Captivated
- Apple has spent $550 billion on repurchases in a decade
- Cash returns help offset short-term concerns on iPhone output
A customer holds a shopping bag from an Apple Inc. store in Chicago.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
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.