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Forget Apple: This Other Buyback Stock Soared 28% Over the Last Year, and Could Be Headed Even Higher
AppleApple(US:AAPL) fool.com·2024-05-20 18:30

Apple made headlines following its announced 110billionsharebuyback,butanothercompanyalsobuyingbackstockmaybethebetteropportunity.Earlierthismonth,iPhonemakerAppleturnedheadsafterannouncinga110 billion share buyback, but another company also buying back stock may be the better opportunity.Earlier this month, iPhone maker Apple turned heads after announcing a 110 billion stock buyback. On the surface, this looks like great news for investors. However, I see the latest buyback as a way to distract investors from the operational challenges Apple faces. Investors may be finally getting fed up, as shares of Apple are modestly down over the last year.An ...