Apple took advantage of investor disappointment with the company's first-quarter financial results to accelerate its stock buyback plans.
The company repurchased $14 billion of its own shares in two weeks, according to The Wall Street Journal. Apple CEO Tim Cook told the Journal Thursday that he intends for the move to be both "aggressive" and "opportunistic."
"It means that we are betting on Apple. It means that we are really confident on what we are doing and what we plan to do," Cook told the Journal. "We're not just saying that. … Read more