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Apple Seen Expanding Buyback by $30 Billion

From: Published:2014/4/17 17:48:17
Apple Inc. could increase its stock buyback plans when it reports financial results next Wednesday, as the company's shareholders "are looking for Apple to provide a framework and commitment for capital return," Bernstein Research’s analysts announced yesterday. They said the iPhone maker is expected to increase "its commitment to its existing buyback program." Apple planned to repurchase $60 billion of its outstanding shares by the end of next year. Analysts estimated that the tech giant has already repurchased $45 billion to $50 billion of that amount. Apple’s shares climbed slightly in yesterday’s regular trade. The company is scheduled to release its earnings report for the fiscal second-quarter on 23 April.

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