Apple spent $16 Billion on Apple Shares Last Quarter - John Paczkowski - News - AllThingsD

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"Though its original plan called for the repurchase of 10 million shares in its third fiscal quarter of 2013, Apple instead bought up 36 million shares. It spent about $16 billion to do so, buying up shares at an average price of between $444 and $488, according to some back-of-the-napkin math by Apple 2.0 and Asymco.
A massive purchase, indeed. For the same money, Apple could have acquired Nokia. Or BlackBerry and HTC together, with cash left over. As Dediu quips, “One way to think of it, is this is Apple’s greatest acquisition ever.”"

Apple spent $16 Billion on Apple Shares Last Quarter - John Paczkowski - News - AllThingsD