Apple’s $110 Billion Stock Buyback Plan is Largest in US History

- Apple Inc. announced the largest stock buyback plan in US history, approving an additional $110 billion in share repurchases - The company tops its own record for the largest buyback value announced in the US, with the tech giant authorizing $100 billion in share repurchases in 2018 - Apple is responsible for six out of the top ten largest share repurchase announcements ever made in the US - Other companies on the list include Chevron Corp. and Alphabet Inc. - Apple reported quarterly results that exceeded investor expectations and predicted revenue growth in the current period - The company also raised its quarterly dividend for the twelfth year in a row, signaling a potential easing in the slowdown that has hit the company - Shares rose as much as 7.9% in post-market trading, potentially adding over $190 billion in market value - Apple investors have seen a welcome reversal as the technology giant has lagged behind its peers this year, with shares down 10% while the S&P 500 Index is up over 6%

Summarized top reddit comments: - Some reddit users are excited about Apple's stock buyback plan - A user did some math to put the $110 billion buyback into perspective - Criticism of Apple for lack of innovation and spending on unnecessary products - Speculation about the launch of an expensive new iPhone to fund the buyback - Mocking those who bet against Apple - Mention of covered calls being exercised - Disagreement with the idea of making buybacks illegal - Confusion about the concept of stocks and not selling them