From MarketWatch: 2024-04-14 05:50:00

Apple stock has skyrocketed over the years, with a total return of 170,000% since December 1980, making a $1,000 investment then worth $1.7 million today.

Apple’s success stems from its strong brand, product innovation, global appeal, and massive revenue and net income growth, leading to a market cap of $2.7 trillion.

Despite recent gains, caution is advised before investing in Apple due to mature growth outlook, reliance on iPhone sales, and high valuation with limited return potential compared to the S&P 500. Warren Buffett holds 43% of Apple in Berkshire Hathaway’s portfolio.



Read more at MarketWatch: 1 Stock That Turned $1,000 Into More Than $1.7 Million