Reddit discussions about Apple Inc. (AAPL) have been vibrant, with users focusing on the company's massive share buyback program and its impact on the stock. One user noted, "The shares outstanding are down like 36% in ten years! I couldn't ask for a better looking chart." This highlights the significant reduction in shares, which has been a key factor in boosting earnings per share despite limited product innovation. Another user expressed skepticism about Apple's growth potential, stating, "It doesn't change my opinion that their product lines are basically stagnant and not exactly innovative."
The conversation also touched on Apple's dominance in the wearables market, particularly with the FDA's recent approval of AirPods as hearing devices. A user remarked on the potential of this market, noting, "Hearing aids are stupid expensive compared to $200 AirPods so this could be big." This sentiment reflects optimism about Apple's ability to leverage its existing product lines into new revenue streams. Additionally, discussions about Apple's long-term investment potential were prevalent, with one user advising, "If your investment goals are long-term, then buying and holding for years is your best bet."
As of the latest update, Apple Inc. (AAPL) is trading at $248, reflecting a slight increase of 0.02% from the previous close.