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Apple’s Stock Buyback Pace Hits Record $25.2 Billion

Apple’s Stock Buyback Pace Hits Record $25.2 Billion

Chrys Hendricks by Chrys Hendricks
October 29, 2022
in Business
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Almost five year ago,


Apple


Chief Financial Officer Luca Maestri said on an earnings conference call that the company intended to reach a net cash position of zero over time.

When he made that promise in February 2018, Apple had $163 billion in net cash—the amount left over after backing out debt.

Chrys Hendricks

Chrys Hendricks

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