I have been asking this question for a long time, and yet fail to find or get an answer that i could understand.<p>Why did Apple choose to buy back stocks? Was there any need for it?<p>What has buying back stocks and wipe them off ( instead of keeping them ) benefited to me as a shareholder? Some would argue without the buyback, their share prices would have dropped even more, but that would at least create a chance for me buy a more for what i think is of value. Now as far as i have concern, they have merely make the stock a lot less volatile with NO &#x2F; little dividends.<p>What has buying back stocks and wipe them off ( instead of keeping them ) benefited to Apple as a company? Those money could have been used somewhere else to create EVEN more VALUE instead of buying back?