Here’s What a $10,000 Investment in Apple Stock Could Be Worth in 5 Years
Apple (NASDAQ: AAPL) is one of the most iconic companies in the world. It’s also one of the largest, with a market cap of $5 trillion. Its stock has also been a huge winner over the past decade, up more than 1,070% during that stretch. With just under $10,000, you could buy 29 shares of the stock.
The company is best known for its popular iPhone, which makes up roughly half its total sales and around 70% of its product sales. Meanwhile, Macs (computers), iPads (tablets), and wearables (smartwatches, headphones, and other accessories) each make up around 10% of its product revenue.
These products tend to have fairly predictable replacement cycles, which leads to relatively stable sales. Meanwhile, the company’s newer, higher-priced foldable iPhone and recent price increases should be a nice revenue growth driver.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.