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. This financial maneuver has been a key driver of investor confidence, even as some express concerns over the company's perceived stagnation in product innovation. Meanwhile, Apple's recent FDA approval for AirPods as hearing devices has sparked optimism about its potential to capture a larger share of the wearables market, offering new revenue streams. These factors contribute to the current market sentiment surrounding Apple, as discussions on platforms like Reddit highlight both the bullish and cautious perspectives on the company's future growth.
The Direxion Daily AAPL Bull 1.5X Shares ETF (AAPU) saw a modest increase, rising 0.32% to $37.61 as of 7:20 AM on Friday, December 13.