Apple Inc. (AAPL)
Apple Inc (AAPL) is an American multinational technology company that engages in
the design, manufacturing, and distribution of consumer electronics products. Its
product line includes the iPad tablet, iPhone, iPod, and Apple TV digital media player.
The company also offers services including the App Store, Apple Card, and Apple
Arcade. In addition to its own products, Apple manufactures and distributes thirdparty hardware and software.
Apple has a total market cap of over $2,140 billion. It employs more than 200,000
people and sells its products in a wide variety of markets. The company designs
smartphones, watches, and tablets. Products are available in a range of different
categories, including personal computers, gaming systems, and televisions. A wide
variety of Apple-branded accessories are also sold.
Apple stock has experienced a strong increase in sales in the fourth quarter of 2022. However, the stock is currently trading below its 52-week low. This is a sign that the stock is nearing correction territory. As a result, it could experience a large number of share trading fluctuations.
Apple's historical price data goes back to December 12, 1980. Although the data is not publicly available, you can use the following table to get an idea of how the company's stock has fared over the years.
During the past decade, Apple stocks have experienced a 760% return. Their historical price-to-earnings ratio has also been on the rise. While this is a great trend, it's important to keep in mind that the last few years have been a bear market for shares of AAPL.
Apple's stock price is now at $133.50, and it's down -1.7% from its recent peak of $180. At the same time, Apple is providing lift to S&P 500 futures. There's also a chance that the company's shares are helping to buoy Dow Jones futures, which have been in a slump.
Although the company's share price is down, it's still significantly higher than it was in the early days of the pandemic. As a result, the stock has experienced an impressive jump in its value in the past year. That is the reason why analysts have become more bullish about the company than other competitors.
Apple is the world's leading consumer electronics company. The company's products and services include the App Store, Apple TV, and the HomePod speaker. Besides these, the company offers a range of other products, including personal computers, wearables, and computer software. Apple's revenues are expected to hit $83 billion this year.
The company is headquartered in Cupertino, California. It's also the largest publicly listed technology company in the world. Apple's stock is listed on the NASDAQ and the S&P 500. Since its IPO, the company has grown in size. Today, Apple has over 2,000 members in the U.S., Canada, and Mexico, and has a market capitalization of more than $2,140 billion.
Although the market value of AAPL is currently soaring, the stock is still far from being an affordable investment. Investors may consider waiting for a pullback to make an investment.