Apple Leads Tech Dominance In Stock Buybacks
The information technology sector spent $36 billion on share repurchases in the second quarter, more than all other industry, with Apple (AAPL) leading the way. Apple spent $10 billion in share repurchases in Q2, with tech firms taking four of the top 10 spots among companies in the S&P 500, according to FactSet. Following Apple in the tech sector was Qualcomm (QCOM) at $4.4 billion, Microsoft (MSFT) at $4.2 billion and Oracle (ORCL) at $2