Apple Inc., one of the most iconic US companies, has transformed the technology industry forever. From iPads and iPhones to iWatch and Air Pods, Apple has made some revolutionary innovations. Additionally, the organization provides cloud services that manage data across all its devices and other subscription-based entertainment services such as Apple Music and Apple TV+.
For twenty years, Apple Inc. (Nasdaq: AAPL) has been at the forefront of innovation. An organization that was almost nearing bankruptcy gained its popularity in 2001 with the introduction of the iPod, a versatile mp3 player that, without any assistance, helped the organization come out of the rocks, making it the status symbol that it is today. It also helped launch the Apple share price to new heights.
Indeed, at iPod’s delivery, Apple’s share price was worth $1.24. Today, Apple’s share price sits at an incredible value of $154.28 per share. Significantly impressive is that Apple is presently the most influential organization with a net worth of $2 trillion.
If you have been considering investing in Apple Stocks, the following factors will help you make your decision:
Key Performing Areas:
The year 2020 had massive importance for the organization as it saw extraordinary, record-breaking accomplishments, some of which are listed below:
- Apple earned more than $100 billion in its first quarter. The quarterly income was about $111.4 billion. $65.6 billion was credited exclusively to iPhone deals, a 17% expansion from 2019’s fall quarter.
- The number of dynamic iPhones overall arrived at 1 billion. That is primarily due to iPhone 12 since it is the first to be available with 5G technology.
- In August, Apple turned into the primary US company to arrive at a market cap of $2 trillion.
Plans:
Apple is ready to launch its iPhone 13 in late September this year. The organization is expected to enter the electric vehicle industry within this decade. The news came in January when automobile giant, Hyundai, shared that they were in conversations with Apple about an automobile association. Apple, likewise, has held discussions with Nissan and other automakers, per news reports.
While the chip shortage that Apple is currently facing could be an area of concern, it is not going last. What’s more, financial investors should remember that Apple is still among the topmost influential businesses in the world.
Given these two opposing sides, is the future secure for Apple investors?
As one of the fortunate few businesses to flourish during the pandemic, the Apple share price is stable. As of now, Apple’s share price sits at $154.28. In any case, if you think that this pinnacle is just the start of the stock’s outing to the moon, AAPL could be a not-to-be-missed investment.
While Apple has effectively secured its place as one of the most successful companies ever, it continues inventing beyond practical boundaries. New items and products will consistently keep coming, and it will not be a surprise if Apple soon disrupts another industry with its creative ideas.
