Could Apple Help You Become a Millionaire?

From NASDAQ OMX Group:

Summary 1:
Apple, a dominant and culturally influential business, has seen astronomical growth in its stock over the past 20 years, with a return of over 48,000%, turning some investors into millionaires. However, with a current market cap of $2.9 trillion and a price-to-earnings ratio of 29.2, prospective investors question if Apple can bring similar success in the future.

Summary 2:
Apple has seen a massive transformation from a company that primarily sold personal computers and laptops to a tech giant of today focused on dominating the smartphone market with the iPhone. The services and software segment, with iCloud storage, Apple Music, and Apple TV+, is also on the rise and contributing significantly to Apple’s revenue.

Summary 3:
Despite Apple’s history of incredible growth, it’s unlikely to repeat its 48,000% return over the next 20 years, given its current massive size and the mature state of the iPhone. The high valuation and slowing sales growth further raise questions about its future as a profitable investment and the potential to turn prospective investors into millionaires.

Summary 4:
Before investing in Apple, consider that the Motley Fool Stock Advisor analyst team identifies 10 best stocks for investors to buy now, and Apple is not among them. The Stock Advisor service provides investors with a blueprint for success, including guidance on building a portfolio and two new stock picks each month, with returns that have tripled the S&P 500’s return since 2002.



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