From “Nasdaq”: 2024-06-29 05:05:00

1. Tech giant Apple (NASDAQ: AAPL) has reached a market cap of over $3 trillion, leading some to question its investment potential due to slowed iPhone sales growth. However, Apple’s culture of innovation, recent focus on AI, and heavy R&D spending make it a strong long-term investment option.

2. With a massive ecosystem of over 2 billion devices and 1 billion active paid subscriptions, Apple is strategically pivoting towards services to boost profit margins. Despite services accounting for only 26% of total sales, the growth trend indicates a positive future outlook for the company’s revenue stream.

3. Apple’s competitive advantages, such as a strong brand name, network effect, and customer switching costs, contribute to its ability to retain customers and stay ahead of the competition. Even with challenges like declining iPhone sales in China, Apple’s dividend program and overall strengths make it a solid investment choice.

4. The Motley Fool Stock Advisor analyst team has identified 10 best stocks for investors to buy now, with Apple not making the cut. While past stock picks like Nvidia have seen significant returns, investing in the recommended stocks could lead to substantial gains over time. Consider the potential for high returns and expert guidance before investing in Apple.



Read more at “Nasdaq”: 3 Reasons to Buy and Hold Apple Stock Forever