Apple Announces Record $110 Billion Stock Buyback

The tech giant's largest-ever buyback follows a robust earnings report, signaling confidence in its financial health.

Apple's $110 billion buyback is the largest in U.S. corporate history, surpassing the market caps of major companies like Boeing and Starbucks.
Despite a year-on-year revenue decline, Apple's shares surged pre-market, buoyed by strong earnings and the buyback announcement.
The announcement coincided with a generally positive outlook in the stock market, with major indices like the Dow and S&P 500 showing gains.
Investors are also closely watching the upcoming jobs report, expected to influence future interest rate decisions.
The buyback reflects Apple's strategy to enhance shareholder value amidst a challenging economic environment.