5 Stocks with the Biggest Buybacks

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1. Apple Inc (NASDAQ:AAPL)

Stock Buybacks in 12 Months Through September 2023: $83B

With $83 billion in stock repurchases in 12 months through September 2023, Apple Inc (NASDAQ:AAPL) tops out list of the 11 stocks with the biggest buybacks. Apple Inc (NASDAQ:AAPL) bought back just $77.55 billion in stock in fiscal 2023. Apple Inc’s (NASDAQ:AAPL) stock repurchases in 2022 came in at $89.4 billion.

Wedgewood Partners stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

Apple Inc. (NASDAQ:AAPL) was also a top contributor to performance during the fourth quarter. The Company’s services segment revenue growth accelerated to +16% over last year, one of the fastest growth rates since Covid-19 lockdowns, helping drive +11% growth in earnings per share. The strength in the Company’s services segment was aided by over 1 billion paid subscribers across Apple’s media platforms. We estimate that there are more than 2 billion iOS devices in Apple’s global installed base, which still represents a very large addressable share of their current subscriber count. Apple also continues to innovate across its hardware portfolio, with custom silicon for nearly all its device form factors. More recently, the Company launched its new line of Mac computers, which included their M3 family of chips, including the M3 Max, which contains up to an astonishing 92 billion transistors. Apple’s long-term strategy of creating products with customized hardware and software should continue to differentiate their products and help drive solid revenue growth and expense leverage across the Company’s ecosystem.”

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