Apple Plans to buy back $30 Billion in Stock

In a recent move Apple has decided to buyback $30 Billion of its stock. Carl Icahn has put a lot of pressure on Apple to purchase $150 Billion back to increase the share value.

Tim Cook is fully supportive of this move saying that “We’re a big believer in buying back the stock,” Tim Cook, CEO of Apple, said on the company’s latest quarterly earnings conference call in January. 

For detailed information on this plan see the following article “Analyst says Apple plans to increase stock buyback plan by $30 billion next week.”