Apple (AAPL) has spent over $69 billion on stock buybacks in the last nine months
The spend on stock buybacks in 2024 was over $13 billion higher than the same period of time in 2023.
Apple was one of the largest companies this week to post its earnings results for the most recent quarter, and with Q3 2024 results came some interesting stocks, including stock buybacks. There, Apple revealed that in the last nine months, the company has repurchased about $69 billion worth of its common stock back from shareholders throughout its FY 2024.
Apple shared this metric in its Q3 2024 Consolidated Financial Statement included in its earnings results. It was there that Apple shared that it has spent around $69.86 billion on common stock buybacks throughout the company’s FY 2024. This was up quite a bit from the company’s combined three quarters of similar time frame for FY 2023, which ended up at $56.54 billion, amounting to about a $13.32 billion increase in spending in this metric year-over-year.
Source: Google
Apple has been making some interesting plays in 2024, not the least of which was releasing the Apple Vision Pro VR/AR headset in February. The headset packs in a wealth of interesting technology, but has been said to feel like it’s missing the kind of software that would push it anywhere near a valuable buy, especially at the $3500 price tag. Despite beating revenue and EPS analyst estimates in Q3 2024, Apple also reported a drop in iPhone sales by 1 percent year-over-year. The company is far from any sort of trouble, but its long periods of continuous growth may be leveling out as hype and innovation die down over moving the next generations of its various flagship products.
With that in mind, at least Apple is providing for its shareholders. For more reporting on Apple and other companies releasing earning results, stay tuned her at Shacknews for further stories and updates.
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replyTJ Denzer posted a new article, Apple (AAPL) has spent over $69 billion on stock buybacks in the last nine months
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Bring back the apple car!
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they should invest billions of dollars into R&D for some sort of AR/VR product instead. Maybe some other futuristic tech like artificial intelligence?
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They have spent a decade propping up the stock with these buybacks, but the iPhone sales decline is real, and no share repurchases can hide topline growth issues forever. They really should have pushed forward with an EV to compete with Tesla.
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...2 months later, apple lays off 500
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I think they should have spent this money on R&D however if you want a well-researched guide on Telenor number check, visit https://telecominfo.pk/how-to-check-telenor-sim-number/.
