Apple bets on itself, expands share buyback program

04/24/2013 | New York Times (tiered subscription model), The

Apple has announced a sixfold increase in the size of its share-buyback program, from $10 billion to $60 billion, in what CEO Tim Cook described as "an attractive use" of Apple's cash reserves. The move was a vote of confidence by Apple in its own prospects, Nick Wingfield writes, even as its gross profit margin declined.

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New York Times (tiered subscription model), The

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