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WSJ report details how Apple lost $9 billion this year due to poor self-investment decision

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<p>A report from the Wall Street Journal (https://www.wsj.com/articles/the-investment-that-cost-apple-9-billion-in-2018-11545925184?mod=hp_lead_pos2) today details how Apple (AAPL) lost $9 billion this past year due to a single “underperforming investment” — itself. The report explains that after the surplus of cash the company had through Trump’s 2017 tax overhaul, Apple bought back AAPL shares at peak prices, essentially overpaying for themselves.</p>
<p>Even though AAPL yesterday saw its best single-day performance (https://9to5mac.com/2018/12/26/apple-stock-best-five-year-rise/) in over five years, the ~$10 gains made on the share price pale in comparison to the significant losses the stock saw over the past weeks.</p>
<p> <a href="https://9to5mac.com/2018/12/27/apple-self-investment-wsj/#more-570889" class="more-link">more…[/url]</p>
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