Apart from its blockbuster earnings report, Apple made equally monumental headlines with the extension of its capital return program.

Earlier today, Apple not only announced a seven-for-one stock split, the company also upped share buybacks, now capped at $90 billion.

Apple says it expects to utilize a total of over $130 billion of cash under the expanded program by the end of calendar 2015.

"As part of the program," Apple explains, "the Board has increased its share repurchase authorization to $90 billion.


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