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Apple Buys Back $14 Billion of Stock in Two Weeks

Apple’s stock fell 8 percent after it reported its most recent quarterly results, and the company took advantage by buying back $14 billion of its own shares. “It means that we are betting on Apple. It means that we are really confident on what we are doing and what we plan to do,” CEO Tim Cook told the Wall Street Journal. He also confirmed new product categories for 2014, saying, “There will be new categories. We’re not ready to talk about it, but we’re working on some really great stuff.”

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