Apple unveiled a record stock buyback plan last week even as it increased its dividend by 4%, to 25 cents per share. That made the market happy, and shares in the company are up about 10% since the announcement.

But why exactly is Apple more valuable now than it was last week? Answering this question may help reveal what the future holds for America’s technology sector.

QOSHE - Apple’s Influence Has Peaked, But Its Products Haven’t - Tyler Cowen
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Apple’s Influence Has Peaked, But Its Products Haven’t

39 14
09.05.2024

Apple unveiled a record stock buyback plan last week even as it increased its........

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