28-12-2018 16:40 via feedproxy.google.com

Apple lost $9 billion buying back its own stock in 2018 (AAPL)

Apple spent nearly $63 billion on share buybacks in 2018 so far, not including the fourth quarter. 
Some of those purchases were at the stock price of $222, but now it is trading at $156 per share.
The value of Apple's buybacks is $9 billion less than when Apple purchased the stock, The Wall Street Journal reports.
Apple announced $100 billion in buybacks earlier this year, and as much as 70% of the war chest hasn't been spent yet. Apple spent most of 2018 ravenously buying back its ow
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