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Originally Posted by Azure
So can someone explain to a noob like me why Apple would buy back shares? Looks like they expect to spend $45 billion over the next 3 years doing it.
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To keep control of the company. With each excecutive coming and leaving they own less and less stock. Excectives get huge stock grants etc.
If you don't buy some of them back you could find that some person/corp owns larger chunk than Apple.