WSJ report details how Apple lost $9 billion this year due to poor self-investment decision<div class="feat-image">
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<p>A report from the
Wall Street Journal 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 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>
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WSJ report details how Apple lost $9 billion this year due to poor self-investment decision
