Apple Has Repurchased $14 Billion Of AAPL Shares Over The Past Two Weeks


You can feel Carl Icahn’s presence in Tim Cook’s recent announcement to the Wall Street Journal — Apple just repurchased the equivalent of $14 billion in Apple shares as part of its massive share buyback program. At today’s market capitalization, it represents just over 3 percent of the company.

As a reminder, activist investor Carl Icahn recently lobbied on Twitter, saying that Apple wasn’t going far enough when it comes to its share buyback program.

Despite an all-time high in sales with more than 50 million iPhones sold, Apple reported mixed results for Q1 2014. Revenue was below the street’s expectations, while profit was above. But with $13.1 billion in profit, the company still manages to generate a lot…

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