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Apple Inc. (AAPL) is one of the most popular stocks on the market, and it’s no surprise that investors are curious about how many shares of the company are available. Here’s a look at the number of shares of Apple that are currently outstanding.
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Apple’s Stock Structure
As of May 2018, there are 4,829,926,000 shares of Apple Inc. (AAPL) outstanding. This number is up from the 4,818,837,000 shares outstanding reported at the end of Apple’s fiscal 2017. The stock split in June 2014 accounted for the increase in shares. Each share of Apple Inc. common stock is entitled to one vote on all matters submitted to a vote of shareholders.
As of May 1, 2020, Apple had 4,829,926,000 outstanding shares. Outstanding shares refers to a company’s stock that is currently held by all its shareholders, including restricted shares owned by insiders and stock options outstanding. It does not include treasury shares.
The authorized shares represent the total number of shares that a company is allowed to issue, according to its charter. This number is set by the company’s board of directors and can be increased or decreased by a vote of the directors. Issuing new shares requires approval by shareholders. Apple has 4,800 million authorized shares of common stock.
As of May 2020, there were 4,226,848,605 shares of Apple Inc. (AAPL) outstanding. This figure is up from 3,940,065,447 shares outstanding in May 2019. Apple’s shareholders are made up of institutions and individuals. The largest shareholders of Apple are Vanguard, BlackRock, and State Street.
Institutional shareholders are large organizations that invest in Apple for purposes other than personal gain. They include pension funds, insurance companies, mutual fund companies, and investment banks. As of March 2019, the top institutional Apple shareholders were Vanguard Group, BlackRock Inc., and State Street Corporation.
The majority of Apple’s shareholders are retail investors, meaning they own shares of the company through an online broker or brokerage firm. As of March 2019, there were over 1.6 million shareholders of Apple stock.
The largest institutional shareholder of Apple is Vanguard Group, which owns more than 5% of the company’s shares. Vanguard is followed by BlackRock, Fidelity Investments, and Berkshire Hathaway. These institutional investors are often mutual fund companies that invest other people’s money in a basket of stocks, which can include Apple.
Apple’s Stock Performance
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, apple watch smartwatch, apple tv digital media player, and the HomePod smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. Its online services include the iTunes Store, the iOS App Store and Mac App Store,apple music and iCloud.
Apple Inc. (AAPL) stock finished Tuesday’s regular trading session down 2.4% at $142.19 on relatively heavy volume as the Dow Jones Industrial Average and other major benchmarks tanked on coronavirus concerns. Including today’s price decline, Apple shares have now given up nearly 12% of their value since hitting an all-time high just a few short weeks ago.
The selloff in Apple shares today was likely exacerbated by news that the company has temporarily closed all of its retail stores outside of Greater China due to the outbreak of COVID-19, the disease caused by the coronavirus. In response to this developing situation, a number of major banks and financial institutions have slashed their price targets for Apple’s stock, with some seeing further downside ahead.
Market capitalization
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, apple watch smartwatch, apple tv digital media player, and the HomePod smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. Its online services include the iTunes Store, the iOS App Store and Mac App Store,apple music Apple TV+, iMessage, and iCloud.
As of June 2016[update], Apple is one of the world’s largest information technology companies by revenue,[17] with an estimated annual revenue of $233 billion for fiscal year 2019.[18][19] As of November 2019[update], it ranks first on Fortune 500 list of United States companies by market capitalization.[20] In February 2015[update], Fortune magazine named Apple as leaders in five different product categories: desktop computers (iMac), laptops (MacBook Air), smartphones (iPhone), tablets (iPad), and wearable devices (Apple Watch).[21][22]
The Bottom Line
Apple Inc.’s (AAPL) – Get Report share count continued to climb in fiscal 2017, though the company did buy back some of its own stock during the year.
As of Sept. 30, 2017, the latest data available from Apple’s annual 10-K filing with the Securities and Exchange Commission, the company had 5.163 billion shares outstanding. That was up from 4.828 billion a year earlier and 4.647 billion two years ago.
Apple bought back approximately $14.5 billion worth of its own stock in fiscal 2017 via open market purchases, according to the 10-K. That left Apple with $163.5 billion remaining in its share repurchase authorization as of Sept. 30, 2017.
At Apple’s current share price of around $170, that represents almost 958 million shares, or almost 18% of the company’s current market capitalization
