When Will Apple Halve?

So far it’s down 44.4%

The Apple share count peaked at 26,549,208,000 shares in the third quarter of 2012. Today there are about 14,748,158,000 shares outstanding. The history of the shares outstanding is shown below:

Also shown in the second graph is the percent of the company owned by 10 million shares.

I highlighted a point representing the “halving” point, which is what I call the number of shares necessary for a reduction by 50% from peak share count. The halving point is 13,274,604,000 shares. Today’s share count represents a reduction of 44.4%, meaning that there is 5.6% to go. The challenge in predicting when this point will be reached is that the rate of retirement is variable.

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