Apple’s success is driven by popular products but limited growth prospects due to its massive revenue base. Shares trade at a premium, hindering potential gains for investors. Buying $1,455 worth of Apple stock 30 years ago could have turned into a million-dollar portfolio. The company’s revenue now relies more on services than hardware sales.

Apple’s revenue composition is shifting towards services like Apple Pay and TV+, which contributed 29% of total sales in Q3. The company’s growth potential may be hindered by the maturity of the iPhone and its colossal size. New AI-powered hardware devices could provide a boost, but may not significantly impact revenue.

Despite Apple’s high-quality brand and profitability, its stock may not lead to millionaire returns due to expensive valuation and muted growth outlook. Berkshire Hathaway’s investment underscores Apple’s strength but doesn’t guarantee massive gains. Investors should temper expectations for future performance compared to the broader market.

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Read more at Nasdaq: Is Apple Stock Your Ticket to Becoming a Millionaire?