Apple spends $ 14 billion stock repurchase

Apple took advantage of investor frustration with the results of the first fiscal quarter of the Company to accelerate its plans to repurchase stock . According to the Wall Street Journal , the company has made ​​$ 14 billion repurchase of its own shares in two weeks . Apple chief executive Tim Cook , told the Journal during Thursday that he intends to move either be " aggressive " and " opportunistic " .

" This means that we are betting on Apple . This means that we are really confident that what we are doing and what we plan to do , " Cook said to the Journal . " We are not just saying this .

We 're showing it with our actions . " During Apple's financial report last month , the company discovered that there was a decline of 8 percent in stocks . Apple has 160 billion dollars in the bank and investors - mostly investor Carl Icahn - have asked the company to return some of that money to shareholders .

Icahn , who owns about $ 4 billion in shares of Apple , has requested that the company make to commit to at least 50 billion dollars to repurchase shares next year .

Meanwhile , Apple has asked investors to reject " the proposal imploring " the Icahn . Shareholders will be asked to vote for this in their annual meeting on 28 February.