The immediate benefit of buying back stock is that it reduces the outstanding share count, which boosts earnings per share (EPS) and makes each remaining share worth more. Yet there's another big reason for Apple stock's success you might not have noticed - its relentless share repurchases. It also hasn't been nearly as volatile as other tech giants, and it is currently down by just 14.8% from its all-time high.Īpple made major product and service developments in recent years, most notably the successful expansion of AirPods on the product side and Apple Music, Apple TV+, Apple Card, and Apple Pay on the services side. The company produced magnificent returns for shareholders while growing its top and bottom lines at a breakneck pace.
Apple ( AAPL) has been nothing short of a dream stock over the last few years.
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