Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The Company’s common stock is traded on The Nasdaq Stock Market LLC under the symbol AAPL.
Holders
As of October 18, 2024, there were 23,301 shareholders of record.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended September 28, 2024 was as follows (in millions, except number of shares, which are reflected in thousands, and per-share amounts):
Periods Total Number
of Shares Purchased Average Price
Paid Per Share Total Number of Shares
Purchased as Part of Publicly
Announced Plans or Programs Approximate Dollar Value of
Shares That May Yet Be Purchased
Under the Plans or Programs (1)
June 30, 2024 to August 3, 2024:
Open market and privately negotiated purchases 35,697 $ 224.11 35,697
August 4, 2024 to August 31, 2024:
Open market and privately negotiated purchases 42,910 $ 221.39 42,910
September 1, 2024 to September 28, 2024:
Open market and privately negotiated purchases 33,653 $ 222.86 33,653
Total 112,260 $ 89,074
(1) As of September 28, 2024, the Company was authorized by the Board to purchase up to $110 billion of the Company’s common stock under a share repurchase program announced on May 2, 2024, of which $20.9 billion had been utilized. During the fourth quarter of 2024, the Company also utilized the final $4.1 billion under its previous repurchase program, which was authorized in May 2023. The programs do not obligate the Company to acquire a minimum amount of shares. Under the programs, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
Apple Inc. | 2024 Form 10-K | 19
Company Stock Performance
The following graph shows a comparison of five-year cumulative total shareholder return, calculated on a dividend-reinvested basis, for the Company, the S&P 500 Index and the Dow Jones U.S. Technology Supersector Index. The graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index and the Dow Jones U.S. Technology Supersector Index as of the market close on September 27, 2019. Past stock price performance is not necessarily indicative of future stock price performance.
September 2019 September 2020 September 2021 September 2022 September 2023 September 2024
Apple Inc. $ 100 $ 207 $ 273 $ 281 $ 322 $ 430
S&P 500 Index $ 100 $ 113 $ 156 $ 131 $ 155 $ 210
Dow Jones U.S. Technology Supersector Index $ 100 $ 146 $ 216 $ 156 $ 215 $ 322
Item 6. [Reserved]
Apple Inc. | 2024 Form 10-K | 20
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