From Nasdaq: 2024-06-27 08:45:00

The tech industry offers growth opportunities in AI, digital services, and VR/AR. Despite challenges, Apple has seen consistent gains with a 318% stock increase since 2019. Apple’s services segment outpaces product revenue, with a 14% increase in Q2 2024. The company is investing in AI, VR/AR, and financial services for future growth.

Apple’s stock has remained steady amid recent challenges, up 11% in the last 12 months. The company’s services business is thriving, surpassing iPhone revenue and boasting a 75% profit margin. With investments in AI and expansion into new markets, Apple’s growth potential remains strong, making it an enticing investment opportunity.

Apple’s stock performance has outpaced industry giants like Microsoft and Amazon, offering value with a low forward P/E ratio and price-to-free cash flow. Despite recent modest gains, Apple’s growth prospects in AI, VR/AR, and services make it an attractive long-term investment, especially with a $10,000 investment.

The Motley Fool analysts recommend looking beyond Apple for top stock picks. The Stock Advisor service has a history of recommending high-return stocks, outperforming the S&P 500 since 2002. Consider diversifying investments with their 10 best stock picks for future growth opportunities and greater returns.

Disclosure: John Mackey and Suzanne Frey serve on The Motley Fool’s board of directors, with no positions in mentioned stocks. The Motley Fool holds positions in Alphabet, Amazon, Apple, and Microsoft, recommending specific options. Views expressed belong solely to the author and not Nasdaq, Inc.



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