Apple stock is one of the most reliable assets on the global stock market. This technology company is one of the largest corporations in the world in terms of revenue and capitalization. Apple securities can be used for long-term investments. Surges in the quotations of the IT giant also allow traders who follow a speculative strategy to earn.
Apple Inc. - is an American technology corporation founded in 1976. The founders of the company are Steve Jobs, Steve Wozniak, and Ronald Wayne. Initially, the brand was engaged in the development and sale of personal computers and was named Apple Computer, Inc. However, in 2007, the corporation was renamed Apple Inc. which signified a change of course toward consumer electronics manufacturing.
The company went public in 1980. At IPO Apple stock was trading at $22. Now you can buy securities of the corporation on the London Stock Exchange and NASDAQ. On January 3, 2022, Apple has become the world's first company with a market capitalization of $3 trillion.
In its early days, the corporation designed computers, including the Altair 8800, the Apple I, and the Macintosh. In 1998, was released the first model of the iMac. Now the company produces a wide range of equipment and accessories. Among its most popular products are cell phones iPhones, tablets iPad, laptops MacBooks, and smartwatch Apple Watch. The corporation also produces wireless headphones, computer mice, keyboards, photo cameras, printers, etc.
For the last five years, the technological giant has actively developed in the sphere of providing services. In 2021, this area brought Apple revenue of $68.4 billion. This is more than 27% higher than the result in 2020. The company provides services related to iCloud and Apple Pay services. This area of the corporation's business also includes Apple TV revenue and other services. In the second quarter of fiscal 2022 alone, the company had 825 million subscribers on its paid services.
On June 6, 2022, the IT company unveiled new features of future operating systems for its appliances during the Worldwide Developers Conference. In particular, it demonstrated the M2 processor, which will equip future MacBook Air and MacBook Pro models. On the day of the conference, Apple's shares grew by 0.5% on the news about the novelties of the equipment manufacturer.
British research company Kantar estimated the value of the Apple brand at $ 947 billion. The IT giant is in first place in the ranking of most expensive brands. It is followed by Google ($ 820 billion) and Amazon ($ 705.6 billion).
The company is actively developing in the segment of services. This ensures its stable profits and the growth of Apple's share price. For example, in March 2022, Apple TV became the first streaming video service to win an Oscar for the movie CODA, voted Best Picture of the Year.
Apple continues to hold a leadership position in its sector. The company has the competitive advantage of a well-known brand name.
The IT giant paid $27 billion to shareholders in the second quarter of fiscal 2022 in dividends and buybacks of Apple stock.
In 2022, Apple's stock began to fall amid concerns about weakening macroeconomic conditions. Since the beginning of this year, there have been several sharp spikes in the company's stock price movements. During January, Apple shares fell from $181 to $159. In February, the value of securities rose above $175, and in mid-March dropped to $150. By the end of March, quotes had risen to $178. In June 2022, AAPL stock is trading at $132.
The company faces antitrust scrutiny in North America, Asia, and Europe. In particular, regulators' attention has been drawn to App Store policies, including a 30% commission.
Apple's fiscal year does not coincide with the calendar year. In March 2022, the company reported results for the second quarter of the current fiscal year. The tech giant's total revenue for the three months was $97.3 billion, a figure that exceeded Wall Street analysts forecasts of $95.51 billion in quarterly revenue. Net income reached $23.6 billion, a $1.40 per share figure for Apple.
In the quarterly report, the IT company also provided information on sales. Sales of Apple products are leading in America. The European region's revenue was $23.29 billion, while the third place was taken by China with $18.34 billion worth of sales.
The fiscal year 2021, which ended on September 25, was also successful for the company. The corporation generated revenue of $365.82 billion in 2021, up from $274.52 billion in 2020. Annual operating profit reached $108.95 billion. The corporation's net income was $94.68 billion.
In March 2020, Apple's stock price was at $63. After the pandemic began, the company's stock price began to rise.
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In July 2021 and July 2022, Apple stock was at $130. However, over the year, the stock price rose above $179 in December 2021. In addition, the annual AAPL Stock price chart shows several sharp spikes in the tech giant's stock price.
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Apple's closest competitors are Samsung, Xiaomi, and LG Electronics Inc.
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