Since January, Apple has bought back 47 million shares that would today have otherwise added over $25.6 billion to the company's market cap that's now increasingly closer to the $500 billion valuation the company had at the beginning of 2013.
The company is still down dramatically from stock price highs of around $700 last September, which when counting those then-outstanding shares, would have given the company a peak valuation of $658 billion.
Today, Apple has fewer outstanding shares than at anytime since 2009, meaning that the stock price would have to go up dramatically to reach last year's valuation.
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