Apple has repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors.
Its shares rose almost 2 percent in early trading Friday.
Late Thursday, The Wall Street Journal reported that Apple CEO Tim Cook said that the company was “surprised” when its stock dropped 8 percent the day after its earnings report and revenue outlook. He told the newspaper he wanted to be “aggressive” and “opportunistic.”
An Apple representative didn’t immediately respond to an email seeking comment.