Friday’s Biggest Stock News: Apple Monster Buyback, Jobs Report, and Asian Stocks

Over a year ago when investors started losing confidence in Meta Platforms (META), the social networking giant announced a massive stock buyback plan. After Apple (AAPL) posted a 10% drop in iPhone sales and revenue falling by 4% as expected, it did the same. Apple’s board authorized $100 billion in share buybacks, the biggest in the firm’s history.While skeptics may criticize Apple for its use of free cash, the stock repurchase boosts EPS even if revenue keeps falling. The smartphone giant does not have any positive growth initiatives for now. It canceled the electric vehicle project and…