When the iPhone 13 was launched, $1,000 was invested in Apple.
Apple, Inc. is one of the top choices for any portfolio because of its disruptive potential, active installed base, and high-margin Services business that promises to grow at an astounding pace.
Cupertino is the largest corporation in the world. The valuation hasn’t yet become prohibitive despite the stock’s advance. The stock has 29 analysts rating it, 23 of which have a Buy rating. The average analyst price target is $193.11, suggesting there is potential for an upside.
In the December quarter, Apple’s flagship product, the iPhone, accounted for over half of its revenues. The product has been around for a decade and a half. The revenue growth from the product was slower than from the Mac lineups and the Services segment.
The current iteration of the iPhone is called the iPhone 13 The stock had a salubrious effect on it, despite the fact that it only had nominal feature improvements over the iPhone 12.
According to new research from Consumer Intelligence Research Partners, the iPhone 13 variant accounted for most of the sales in the March quarter.
Apple spent a record amount on lobbying in the first quarter.
Since the launch of the iPhone 13, Apple has seen a decline in returns. The sell-off in the space was triggered by the prospect of higher interest rates and the Fed’s signal to remove monetary policy accommodation. Component shortages and input cost inflation were caused by the Russia-Ukraine war.
Since the launch of the iPhone 13, Apple stock has gained some ground.
A $1,000 investment in Apple on the day before the launch would fetch 6.7 shares of the company. A return of 8.4% is implied for the 6.7 shares, which would be worth $1,084 at the current price.
The returns, though not robust, are commendable compared to the drop in the QQQ Trust and the SPY.
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Keywords: Apple,iPhone,Ark Investment Management,Apple Spends Record
Source: uk.investing.com