Does Apple’s share repurchase strategy make sense in this market?

On April 30, 2020, Apple announced financial results for its fiscal 2020 second quarter ended March 28, 2020 and revealed that Apple’s board of directors had declared a cash dividend of $0.82 per share of the company’s common stock (AAPL), an increase of 6 percent. The dividend is payable on May 14, 2020 to shareholders of record as of the close of business on May 11, 2020. The board of directors has also authorized an increase of $50 billion to the existing buyback program.
Shawn Tu