When Steve Jobs started Apple in a Californian garage in 1976, nobody expected it to reach a market cap of over $1 trillion 30 years. Apple (AAPL) is the first publicly traded US company to hit the trillion dollar mark and currently has a market cap of $2.045 Trillion. The Apple stock, therefore, is one that is coveted and rides on the brand’s aspirational value as well.
Steve Jobs' charismatic leadership and the premium nature of Apple products that we’ve come to know have been instrumental in driving the historically strong performance of the AAPL stock. Since its IPO on December 12, 1980, the AAPL stock has seen a growth of ~125,000%.
AAPL’s recent 4-to-1 stock split has made the stock even more affordable. But should you buy AAPL stocks? Will it benefit your existing portfolio? Knowing the facts & figures can help you make an informed decision. So let’s start off by looking at the AAPL stock information.
What is a stock split? Companies split their stocks to increase the number of shares that investors can buy. As a result, the price of each stock decreases. This does not affect the market cap.
Apple Inc. (AAPL) Stock Information At A Glance
Stock Name: Apple Inc. (AAPL)
Share Price: $120*
Market Cap: $2.045 Trillion
Beta: 1.35 (Risky)
P/E Ratio: 36.68 (High)
52 Week Low: $53.15
52 Week High: $137.98
Fun Fact: To raise capital for fulfilling the demand for Apple I, Steve Wozniak had to sell his Hewlett-Packard 65 scientific calculator for $500.
Apple Inc. is currently clear of its main competitor, Microsoft, in terms of market cap ($2.045 Trillion Vs $1.642 Trillion). Even during the pandemic, Apple posted a strong Q3 revenue of $59.7 billion.
Top 10 Apple Inc. (AAPL) Products
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Customer Loyalty. Apple users are proud and rarely switch brands.
Q3 2020 Mac sales went up by 29% compared to Q3 2019.
Q3 2020 iPad sales went up by 46% compared to Q3 2019.
Growth in year over year net sales by more than 1%.
The 5G enabled iPhone 12.
Increasing iTunes subscriptions.
Growth in Q3 sales for wearables, home and accessories sales by 21%.
Note: Historical performance does not guarantee future success. Please consult a Cube Wealth Coach or enroll for our US Advisory Service, before investing your hard-earned money into any stocks.
Cube also allows you to invest by yourself in any US stock by simply clicking on the "Buy US Stocks On Your Own" option.
Before you buy any international stock, speak to a Cube Wealth Coach to know whether AAPL, GOOG, FB, AMZN, and more can help your portfolio.
Should You Buy AAPL Stock?
Apple Inc. is a company built on a clear ideology that places a premium on quality over quantity. The historical growth of the AAPL stock and the increasing demand for Apple products like the Airpods, Apple TV+, Apple Music, and more can be a solid proposition for an investor looking to diversify their portfolio with strong international investments.
However, the dwindling sales of the iPhone & potential regulatory risk can have a negative impact on the AAPL share price. So before you invest in the AAPL stock, evaluate your risk appetite, investment goals, financial health, and more to determine whether AAPL stocks can help your existing portfolio.
Shriram is a Consultant at CubeWealth. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. His love for philosophy, developing products, and empowering people through quality content is what got him to CubeWealth.
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