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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.
Apple stock has soared 123 percent from the launch of the iPod in 2001 to the most recent period. Prior to the end of 2001, Apple stock was stuck trading around $1.50 per share (except for a short blip in 2000 when shares rose to $5.00 before falling again). It took about two and half years after the iPod launch for the stock to start its spectacular upward ascent.