Apple, known for its products, also offers a dividend to shareholders since 2012. Although not an income stock with a low 0.5% dividend yield, Apple pays out $0.26 per common share quarterly. To earn $1,000 annually, you’d need at least 962 shares, costing over $223,722. Despite concerns about device revenue growth, Apple’s services category, like the App Store, is a strong revenue generator, accounting for 29% of total revenue. While Apple stock may seem expensive, its growth potential in services is promising. Consider investing $1,000 in Apple after reviewing the latest analyst insights.

Read more at Nasdaq: Here’s How Many Shares of Apple Stock You’d Need to Get $1,000 in Yearly Dividends