How Apple’s record $100 billion-plus stock buyback benefits shareholders

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Gary Hershorn | Corbis News | Getty Images

We always say we love companies that are serial repurchasers of their stocks.

That’s because as outstanding share counts go down, investors don’t have to do anything to get baked-in returns and own larger and larger pieces of the companies.

Apple‘s latest $110 billion stock buyback authorization is the granddaddy of them all — the biggest in corporate history. Apple has a long history of huge repurchase plans. Assuming an average annual $100 billion buyback by the Club name going forward, we wanted to look at just how much that is worth to shareholders.

But first, let’s set the table.

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