Apple confirmed the buybacks on the final page of its Q1 2025 earnings report. The $23.6 billion spent on share repurchases is consistent with recent trends at the company. Last year, Apple reported $69 billion spent on buybacks during a nine-month period.

Phone and iPad maker Apple (NASDAQ:AAPL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4% year on year to $124.3 billion. Its GAAP profit of $2.40 per share was 2.5% above analysts’ consensus estimates.