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Apple has plowed over $500 billion into stock buybacks since 2012 โ more than Visa, JPMorgan, or Exxon are worth
(markets.businessinsider.com)
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this post was submitted on 12 Aug 2023
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While absolutely true and I believe it should be illegal, Apple is not exactly strapped for cash. If there is one company that could afford buybacks, without hurting their investments, payroll, r&d, hell, even their bottom line hardly budges with these buybacks. They had 166B profit in the last 12 months...