Apple I-phone and I-Pad Maker has announced that it has repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.
Late Thursday, The Wall Street Journal reported that Apple Inc. CEO Tim Cook said that the company was ``surprised'' when its stock dropped 8 percent the day after its earnings report and revenue outlook.
Cook told the Journal that Apple has repurchased more than $40 billion of its
shares in the last 12 months.
shares in the last 12 months.