Apple have been buying quite a lot of their own stock in the last few months

Apple have been buying lots of AAPL stock lately.

@anthony256
Published Thu, Jul 25 2013 11:30 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Apple have been buying quite a lot of AAPL shares lately, a little after they jumped the iShark late last year. Their original plan was to buy 10 million shares in their third fiscal quarter of 2013, but instead, they've scooped up over 36 million shares.

Apple have been buying quite a lot of their own stock in the last few months | TweakTown.com

Apple did this in two parts, using $4 billion in shares, and $12 billion through an accelerated share repurchase program. Apple purchased the shares at between $444 and $488 a piece. This is quite a lot of money, but the Cupertino-based company do have large cash reserves, but for that type of money they could've spent it better, acquiring companies that would see them grow and evolve.

Oh well.

NEWS SOURCE:allthingsd.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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