We are living in an era where smartphones, tablets, computers, and laptops, etc. have now become the necessities of every single house. Imagine a life without a smartphone and you will find yourself to be non-functional without it. Evolution in information technology has given rise to the invention of many new digital devices and companies like Apple Inc. (AAPL) Stock, Sony Group Corp (SONY), Dell Technologies Inc (DELL), and many others have greatly contributed to this development. Apple alone has introduced many devices till now ranging from personal computers to smartwatches.
So, it is very natural to think of investing in AAPL stock for a long-term gain prospect as it has shown significant growth over time and has earned a large number of profits over the years. In the last five years, the shares of Apple Inc. (AAPL) skyrocketed almost 419%. Apple Inc. (AAPL) is currently trading with $130.39 per share on June 15, 2021, as of this writing. Let’s take a closer look at Apple stock.
Apple’s iPhone 12 Series & VR/AR Development:
The iPhone 12 series which also supports the 5G technology is playing a major role in steadily growing AAPL stock price and estimates by the suppliers show that the 230 million iPhones could be shipped in the year 2021.iPhone 12 series is not alone major contributor in the company’s future growth as Apple’s VR/AR and mixed reality headset will be launch in the upcoming year with a hefty price tag of $3,000 with Apple pair of AR glasses to follow in 2025.
Apple’s Services Business:
Besides Apple’s hardware products, the stock is doing smart business in its services segment. In order to expand its audience across the globe, the AAPL stock has launched Apple News+, Apple TV+, and Apple Fitness+ in the past couple of years which resulted in the $33 billion revenue in the first half of 2021 representing 25% growth over the year.
Electric Vehicle Development:
The big tech company is also paying attention to the development of electric vehicles as it is discussing supply deals with certain Chinese battery companies and the first electric vehicle by AAPL stock is expected to be launch between 2024 to 2026 according to analyst’s suggestion, which could prove to be the game-changer for the giant tech stock.
Financial View of the AAPL stock:
AAPL stock sales have been increased by 54% in the second quarter of the fiscal year 2021 representing a 66% improvement in the revenue gained from the iPhone over the year. Earnings per share increased by 119% in the recently reported quarter and $24 billion was recorded for operating profit out of which $23 billion was given back to the shareholders through share repurchases and dividends. The quarterly payout was increased by 7% and the business is strengthened by the addition of $90 billion in the existing share repurchase plan.
Apple Inc. (AAPL) has captivated investors for decades and earned huge profits for them over time. Its evolutionary iPhone 12 series, VR/AR headsets, and upcoming pair of AR glasses show that the future is bright for Apple Inc. (AAPL). The significant increase in the services business is another positive sign for the giant tech stock. In a nutshell, long-term investment prospects are bright for AAPL stock.