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Apple's buyback burn effect shrinks…stock rally and rising memory costs weigh

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AAPL Apple Inc
$310.92 +0.50%
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  1. 1Apple (AAPL) bought back $82.2 billion of its stock over the past year, but the share of its float retired shrank as the stock price climbed
  2. 2The reduction in shares outstanding came in at 1.7% over 12 months, slowing from the 3-year average of 2.3%, meaning the same dollar amount now buys a smaller slice of a $4.5 trillion market cap
  3. 3Calling memory prices a once-in-a-century flood, Apple raised iPad and Mac prices, and its gross-margin guidance midpoint was cut to 47%

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