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Apple Buys Back $14-Billion In Stock

Apple Buys Back $14-Billion In Stock
Posted February 7th, 2014 @ 7:28am

Apple is buying back a lot of its stock. 

The tech giant said Thursday that it's repurchased $14 billion in shares since releasing disappointing first-quarter results two weeks ago. 

Apple CEO Tim Cook told the "Wall Street Journal" that the company has bought back more than $40 billion dollars of its stock over the past 12 months. 

Cook says that's a record for any company over a similar period of time and that it means Apple is confident about what it's doing now and what it plans to do in the future. 

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