Apple buys back $14 billion in shares: WSJ

MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Apple Inc. has repurchased $14 billion of its own shares in the last two weeks, The Wall Street Journal reported late Thursday, saying it was told of the buybacks by Apple Chief Executive Tim Cook. The transactions have taken place since the release of Apple s fiscal first-quarter results, in which iPhone sales fell short of analyst expectations. Apple s sales forecast for its fiscal second quarter was also below Wall Street s projections. Cook said Apple s purchases of more than $40 billion of its shares over the past 12 months is a record amount for any company over a similar period of time. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.