Apple Share Buyback Hits Record High, A “Shrinking” Apple

Written By Neil Cybart

Hello everyone. Today’s update will have a share buyback theme. While we received a few new buyback data points in Apple’s 2024 10-K, the discussion won’t be focused on just 4Q24 trends.

Let’s jump right in.

Apple Share Buyback Hits Record High

Here is quarterly data from the past three years for Apple's share buyback via open market transactions:

  • 4Q21: $20.0B. Average repurchase price per share: $146.41.

  • 1Q22: $14.4B. Average repurchase price per share: $153.76.

  • 2Q22: $22.9B. Average repurchase price per share: $167.16.

An Above Avalon membership is required to continue reading this update. Members can read the full update here. (Members: Daily Updates are accessible via the archive. If you haven’t logged into the archive before, fill out this form to receive an invite.)

Above Avalon Membership

Choose either a monthly or annual membership. Payment is hosted by MoonClerk and secured by Stripe. Apple Pay and other mobile payment options are accepted. After signup, use this link to update your payment information and membership status at any time. Contact me with any questions. 

Contact me directly if you would like to purchase multiple subscriptions (five or more) for your team or company.

An audio version of the newsletter is available to members who have the podcast add-on attached to their membership. More information about the podcast add-on is found here. Special Inside Orchard bundle pricing is available for Above Avalon members. Additional membership customization is available via the Financial Models add-ons.

Neil Cybart
Previous

Apple’s Capex-Light Business Model, Apple’s Excess Cash Position, Apple Buyback vs. Apple Dividends
Next

My Notes from Apple’s 2024 10-K