$14 billion to buy-back stock because it dipped 8%.
What an incredible waste of money.
What else could be accomplished for $14 billion?
I agree. Rather than buy back their shares they should hand this out in increased dividends. That rewards long term investors and pension funds without helping short term speculators like iCon. I know there are tax implications but Apple stock is owned worldwide so they shouldn't look just at what is best for US shareholders.