Apple Inc.'s ongoing share buyback program continues to be a focal point for investors, as it significantly reduces the number of shares outstanding, thereby boosting earnings per share. Despite some skepticism about Apple's growth potential due to perceived stagnation in product innovation, the company's strategic moves in the wearables market, such as the FDA's approval of AirPods as hearing devices, have sparked optimism. This development could open new revenue streams for Apple, as the market for affordable hearing devices expands. The discussions on platforms like Reddit highlight a mix of cautious optimism and long-term investment potential for Apple.
The Direxion Daily AAPL Bear 1X Shares (AAPD) ETF saw a slight increase, rising 0.06% to $15.57 as of 7:20 AM on Friday, December 13.