Apple has invested over $500 billion into stock buybacks since 2012 for a number of reasons, including:
• To increase shareholder value. When a visitor buys when its own stock, it reduces the number of shares outstanding. This can lead to an increase in earnings per share (EPS), which can make the stock increasingly lulu to investors.
• To return mazuma to shareholders. Apple has a lot of mazuma on hand, and it can’t invest all of it in new products and services. By ownership when stock, Apple can return some of that mazuma to shareholders, which they can then use to invest in other companies or products, or simply save for retirement.
• To offset dilution. When a visitor issues new shares, it dilutes the value of existing shares. By ownership when stock, Apple can offset this dilution and alimony the value of its shares stable.
The technology titan has spent increasingly on repurchases since 2012 than the unshortened market capitalization of Visa ($489 billion), JPMorgan ($446 billion), or Exxon Mobil ($441 billion). Only eight companies in the S&P 500 are worth increasingly than Apple’s outlay on buybacks to date.
Indeed, Apple has spent north of $50 billion a year ownership its own stock since 2018. It splurged $90 billion on buybacks in its last financial year, and has repurchased $56 billion worth of its shares in the last nine months alone.
Moreover, the iPhone maker’s workbench recently tried flipside $90 billion of repurchases. That value exceeds the total worth of Citigroup ($85 billion), and is nearly double the market value of Hershey’s ($46 billion).
MacDailyNews Note: As per Charlie Bilello on X:
Apple Shares Outstanding…
• Aug 2013: 25 billion
• Aug 2014: 24 billion
• Aug 2015: 23 billion
• Aug 2016: 22 billion
• Aug 2017: 21 billion
• Aug 2018: 19 billion
• Aug 2019: 18 billion
• Aug 2020: 17 billion
• Aug 2021: 16.5 billion
• Aug 2022: 16.1 billion
• Today: 15.6 billion
— Charlie Bilello (@charliebilello) August 10, 2023
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