First of all, Apple’s current share repurchase program has already driven the company to repurchase $151 billion of the company’s current stock outstanding.
In the company’s second quarter earnings release, Apple actually expanded its capital return program to $300 billion (up from $250 billion previously).
From the inception of its capital return program in August 2012 through March 2017, Apple has returned over $211 billion to shareholders, including $151 billion in share repurchases.” Apple remains committed to returning its cash hoard to its shareholders.
Apple’s capital return program has seen the company return more than $200 billion to its shareholders through dividend payments and share repurchases.
In fact, Apple has actually more than doubled its cash account since the inception of the capital return program, growing it from $121 billion to $257 billion.