Originally Posted by
duder
They had to do something T. AAPL stock has done nothing in the last year. Not sure if your an Apple user but there are rampant rumors of the iPhone 6 being delayed til next year now due to battery issues and that is bad news for the company. iPhones have been coming out like clockwork for the last 5+ years. The buy back seems like a nice way to distract the share holders if this is in fact true.
Buy backs are purely psychological. But yeah, you are right. They have been stuck in the mud for awhile.... And as GunshipGuy stated, the 7-1 split doesn't hurt either.