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Appleâs Board of Directors has authorized a $140 billion share repurchase program that is expected to be completed by the end of March 2017.
Since then, however, Apple's stock has been in a prolonged slide. Even when the company announced better-than-expected quarterly profits of $13.1 billion and record sales of (47.8 million) and iPads (22.9 million), its stock dove by as much as 12 percent early Thursday.