Financial results announced yesterday AppThe results for the first quarter of this year were probably not the most interesting thing the Californian giant had prepared for the evening. In a call with investors, which he led after the announcement of the results Tim Cook and other leading figures Applu, it was announced that Apple is preparing a giant buyback of its own shares.
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Apple according to his words, he specifically plans to buy back his own shares in the value of 110 billion dollars, which is just for an idea 2,5 trillion crowns. Given the astronomical amount, it probably won't surprise anyone that this is the largest share buyback in US history. What drives him to do that though Apple did not announce, however, it can generally be said that the share buyback will increase the proportion of the company's shareholders who will keep its shares. In addition, the price of the shares will increase due to the buyback, since there will be fewer of them "in circulation", or rather, their availability will be lower. Shareholders who buy back the shares poneby repurchasing shares from AppThey will earn money.
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In general, it will be very interesting to see how Applu will be financially successful in the coming months and years. The truth is that the past quarter was not one of the best, as Apple both sales and profits fell year-on-year. Analysts expected an even bigger drop, but not the one Apple sononec announced is not very encouraging – especially since it is evident that the Californian giant is no longer "just" struggling in sales. iPadů a Macwhich will logically resume after the COVID-19 pandemic subsides and many people return from Home Office back to the office, but also in iPhone sales. Revenues from them fell from $51,3 billion to $45,96 billion year-on-year. So it is evident that they are not pulling as much as in previous years.
The big green candle on the chart looks pretty good 😍👍🏻