Apple continues to buy back shares

On Wednesday, November 1st, 2018, Apple announced their Fiscal Year 2018 4th Quarter earnings.

https://www.apple.com/newsroom/2018/11/apple-reports-fourth-quarter-results/

I check the Consolidated Financial Statements approximately every quarter to see how many shares Apple has outstanding, or available to public and not bought back by Apple. This latest quarter, Apple continued to buy back their own shares. With fewer shares available to buy, the supply goes down, so the demand goes up. Fewer shares doesn't automatically mean the stock will go up, but as of right now, I don't see Apple going anywhere, so there should still be a demand for Apple stock.

Below is my table that I use to track shares outstanding for Apple.

Date Ended	Year - Quarter	Basic - Shares Outstanding
12/31/2013	FY14 Q1	6,272,504,000
3/31/2014	FY14 Q2	6,123,302,000
6/30/2014	FY14 Q3	6,012,635,000
9/30/2014	FY14 Q4	5,933,845,000
12/31/2014	FY15 Q1	5,843,082,000
3/31/2015	FY15 Q2	5,793,799,000
6/30/2015	FY15 Q3	5,729,886,000
9/30/2015	FY15 Q4	5,646,916,000
12/31/2015	FY16 Q1	5,558,930,000
3/31/2016	FY16 Q2	5,514,381,000
6/30/2016	FY16 Q3	5,443,058,000
9/30/2016	FY16 Q4	5,366,912,000
12/31/2016	FY17Q1	5,298,661,000
3/31/2017	FY17 Q2	5,225,791,000
6/30/2017	FY17 Q3	5,195,088,000
9/30/2017	FY17 Q4	5,149,428,000
12/31/2017	FY18 Q1	5,112,877,000
3/31/2018	FY18 Q2	5,024,877,000
6/30/2018	FY18 Q3	4,882,167,000
9/29/2018	FY18 Q4	4,801,589,000

For me, and this is not financial advice, I will keep buying Apple shares when I can. The continuation of buying back shares is a good sign to me. Apple stock price took a big hit lately with the October correction, but I believe it will go back up with time. 

Signed,

Mitch