Apple bought back $14 billion worth of shares in two weeks. Apple CEO Tim Cook said that the 8% decline in Apple’s shares on the day after they report earnings was a surprise.
Cook also said that Apple repurchased over $40 billion in shares over the last year as part of a plan to buy back $60 billion in shares. Activist investor Carl Icahn wants Apple to buy an additional $50 billion shares over the fiscal year 2014.
Carl Icahn purchased an additional $1 billion worth of Apple stock last month. Now Icahn holds around $3.6 billion in Apple stock total. Apple also acquired around 21 companies in the last 15 months.