Key Takeaways
- Apple's $110 billion stock buyback announcement is the largest stock buyback program in recent history, beating its own record set in 2018.
- The tech giant is responsible for the top five share repurchases by U.S. companies and ties with Chevron for the sixth spot.
- Buybacks by tech rivals Meta, Google-parent Alphabet and Microsoft don't even come close.
Apple Inc. (AAPL)’s $110 billion stock 澳洲幸运5官方开奖结果体彩网:buyback announcement is the larg♛est stock buyback program in recent history, ဣbeating its own record set in 2018.
The tech giant has made such dominant share repurchases that no other U.S. company has broken into the top five, and it ties with Chevron (CVX) for the si🦩xth spot, according to data compiled by Birinyi Associates.
Buybacks for rivals don’t even compare. Meta Platforms’ (META) highest is $50 billion from earlier this year, while Google-parent Alphabet’s (GOOGL) peaks at 澳洲幸运5官方开奖结果体彩网:$70 billion announced last week. Microsoft’s (MSFT) $60 billion share buyback annꦓounced i🐷n 2021 was its largest.
Apple shares were up over 7% on ܫFriday, trading at $185.2 a🉐t 2:50 p.m. Eastern.