Apple Share Count Shrinks as Investors Weigh Buying Opportunities

Apple's stock share count has been decreasing due to stock buybacks and other factors, but is it worth investing in the company near its highs? According to a Trefis analysis, Apple's shrinking share count could be a positive sign for investors. With a shrinking share count, each existing shareholder owns a larger percentage of the company.

The current consensus EPS estimate from QuoteMedia is $6.12 per share for 2024, which represents a significant increase from previous years. However, some analysts may argue that Apple's stock price has already reached its peak and there is no room for growth.