Apple repurchases $14B of own stock over two weeks after 8% decline
In a move he called "aggressive" and "opportunistic," Cook authorized the $14 billion repurchase, which brings the grand total to $40 billion worth of shares in the past year. To put that in perspective, Apple spent $16 billion on buybacks over a full quarter in 2013.
"We've looked at big companies. We don't have a predisposition not to buy big companies," Cook said. "The money is also not burning a hole in our pocket where we say, 'let's make a list of 10 and pick the best one.' We have no problem spending ten figures for the right company, for the right fit that's in the best interest of Apple in the long-term. None. Zero."
Tim Cook's 2-week, $14 billion Apple buying opportunity
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It's essentially a "green house" design
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I wonder what Samsung thinks about this? It's obviously a hedge against anything going wrong with the Google-Samsung relationship.
Google made a massive investment in Lenovo the day after it sold Motorola
Many analysts believe Lenovo overpaid for Motorola, which Google bought for $12.5 billion back in August 2011, and that it will have a difficult time turning the unprofitable business around. Its latest handsets, the Moto X and the Moto G, appear to be popular devices, but reports have claimed they're not selling all that well.
Nevertheless, Lenovo's purchase has taken it from the fifth-largest smartphone maker in the world to the third-largest.
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