Apple Defends Stock Buybacks Against DOJ Antitrust Claims

DOJ claims Apple spending more on stock buybacks than R&D shows lack of competition, but buybacks show confidence and are common
Apple historically spends less on R&D than competitors because it is very focused in product development
Google spends more on R&D but also abandons many unsuccessful projects, unlike Apple's strategy
Stock buybacks benefit shareholders and make remaining shares more valuable, incentivizing investment
While Apple faces antitrust questions, difference in buybacks vs R&D spend does not indicate lack of competition