Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Apple's shares outstanding for the quarter that ended in Jun. 2023 was 15,648 Mil.
Apple's quarterly shares outstanding
declined
from Mar. 2023 (15,723 Mil) to Jun. 2023 (15,648 Mil).
It means Apple bought back shares from Mar. 2023 to Jun. 2023 .
Apple's annual shares outstanding
declined
from Sep. 2021 (16,427 Mil) to Sep. 2022 (15,943 Mil).
It means Apple bought back shares from Sep. 2021 to Sep. 2022 .
Apple Shares Outstanding (EOP) Historical Data
The historical data trend for Apple's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Apple Annual Data
Trend
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Shares Outstanding (EOP)
19,019.90
17,772.90
16,976.80
16,426.80
15,943.40
Apple Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Shares Outstanding (EOP)
16,095.40
15,943.40
15,842.40
15,723.40
15,647.90
Competitive Comparison
For the Consumer Electronics subindustry, Apple's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Apple Shares Outstanding (EOP) Distribution
For the Hardware industry and Technology sector, Apple's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Apple's Shares Outstanding (EOP) falls in comparison to its industry or sector. The grey bar indicates the Shares Outstanding (EOP)'s extreme value range as defined by GuruFocus.
Apple Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Apple (NAS:AAPL) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Apple Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of Apple's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods, among others. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is well known for its integration of hardware, software, semiconductors, and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers.
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