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Tim Cook’s ‘not even a quarter baked’ justification for Apple’s $100 billion stock buybacks has baffled some economists (AAPL)

Business Insider Tim CookTim CookSteve JobsSteve JobsCarl Icahn
Thursday, 17 May 2018 ()

Tim Cook’s ‘not even a quarter baked’ justification for Apple’s $100 billion stock buybacks has baffled some economists (AAPL)· *Apple CEO Tim Cook recently offered a novel argument to justify the company's use of share buybacks.*
· *Cook said that Apple's $100 million in planned buybacks will boost the economy because of the capital gains taxes investors pay when they sell their stock.*
· *Economists that Business Insider spoke to were perplexed...
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Source: Wochit Business - < > Embed
News video: Apple Music Hits 50 Million Users

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Apple Music just keeps growing larger and larger. Apple CEO Tim Cook revealed the service’s latest subscriber numbers now boasts a total of 50 million users. That number includes both paid members and trial memberships. Cook also suggested that moving forward, Apple will be investing more heavily...

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