Daniel Eran Dilger
Apple stock closed up nearly 2 percent today, reaching $533.40 for the highest close since the first days of January.
The company's stock is now up slightly from the beginning of 2013 for the first time since plunging $100 per share in January and remaining in the low $400s throughout most of the spring and summer.
Apple took advantage of its acutely low stock price in a buyback program that floated a bond offering to buy back 47 million shares.
The 36 million shares Apple bought back in the June quarter at an average of $444 per share would now cost an additional $3.2 billion to acquire again at the current price.
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42 Comments
Daniel, three articles in a row on the same day. That must be a record. :-)
Apple is doomed.
Is it possible that investors have finally sorted through the nonsense and predictions of gloom/doom so prevalent this year? If you dig deep you find such gems as the iPhone and iPad making tremendous inroads into the business market. Are investors finally figuring out that all those Android devices being activated could be ripoff video dongles and ultra cheap, barely functioning devices? U.S. market share is growing, not declining. China Mobile kicks in shortly.
Board members like Andrea Jung and Gore (Ego filled Politician in Innovative Company lol) needs to be fired then you see Google like Move above 1000 in Apple!
Apple Team is Great but Board have some shitty lazy useless members
Any idea what might have sparked this jump?