Apple launches billion dollar share buyback

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Apple has 30th with date September started to buy back shares to offset dilution from a cash bonus awards to its employees. This involves a total share in the current value of 10 billion U.S. dollars (7.77 billion euros). These are to be acquired gradually over a period of three years. The group had announced the program together with the first dividend payment since 1996 last March. Intended to offset future stock gifts to employees as well as stock purchase programs for these individuals.


Analysts expect the program initially no major impact on the share price. The stock market had already priced in the buyback, Toni Sacconaghi of Bernstein Research said over the business magazine Fortune.

Apple's share is currently relatively poorly - since launch of the iPhone 5, the paper lost until last weekend just under 4.5 percent - probably due to the current problems with the Maps application. CEO Tim Cook had on Friday apologized publicly.

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