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Apple Leads Magnificent Seven with $91 Billion Stock Buyback in Fiscal Year
Apple Leads Magnificent Seven with $91 Billion Stock Buyback in Fiscal Year
23
1
BTCCSquare news:
Apple (AAPL) has reaffirmed its dominance in corporate share repurchases, deploying $91 billion to buy back its own stock in the latest fiscal year—more than any publicly traded company. The tech giant's decade-long buyback spree now totals nearly $700 billion, systematically reducing its share count despite a slight deceleration from the prior year's $106 billion expenditure.
This aggressive capital allocation strategy diverges sharply from peers investing free cash FLOW into artificial intelligence initiatives. Warren Buffett and other buyback proponents defend the practice as legitimate capital management, while critics argue it artificially inflates share prices at the expense of dividends or reinvestment.
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