Apple unveils record $110 billion buyback as results beat low expectations
Thursday, May 2nd 2024, 8:32:25 pm
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Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up 6% in extended trade. Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock. The buyback is the largest in the company's history.
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