Apple’s statement on returning cash to shareholders

Apple updating shareholders on its cash plans.

  • Yeah, basically Apple is saying they have too much money. Stock is up over 3% on the news.

    • Domicinator

      I don’t get why the shares went up from this statement—didn’t we already know about this plan?

      • We knew there was a $45 billion buyback in progress. What the statement today says is that they are looking to take further action beyond this to return value to shareholders.

        • Domicinator

          I see–thanks for clarifying that. I don’t speak Wall Street very well sometimes.