Apple has announced a record $110 billion stock buyback program as the Cupertino company reported quarterly results that beat low expectations. The buyback beats the previous record set by Apple itself at $100 billion back in 2018. That makes it the largest ever buyback program announced by a company in the United States. In a buyback program, a company purchases its own outstanding shares from the open market or shareholders. Companies usually use this strategy to reduce the number of availa
