Apple also boosted its capital return programme by $100 billion, with repurchases from the increase set to begin in the June quarter, and said it bought $23.5 billion of stock back in the March quarter, a sign that it is bringing back most of its hundreds of billions of dollars in cash to the United States. The share repurchases in the march quarter drove Apple’s cash net of debt down slightly to $145 billion. “We are returning the cash to investors as we have promised,” Chief Financial Officer Luca Maestri told Reuters in an interview. …read more
Source:: Yahoo Finance
