Apple repurchases shares worth $14 billion over two-week period

Apple has reportedly repurchased its own shares worth14 billion dollars over the past two weeks, as part of its massive share buyback program.

Inspite of enjoying an all time high sales with more than 50 million iPhones sell-off, Apple reported mixed results for Q1 2014.

While the company's revenue failed to reach the Wall Street's expectations, Apple surpassed the expected profit limit, but with 13.1 billion dollars in profit, the company still manages to generate a lot of cash, Tech Crunch reported.

Meanwhile, Apple reported an increase in cash on hand, recording 158.8 billion dollars. The company has successfully repurchased its own shares worth 40 billion dollars, following its current 60 billion dollars buyback program.