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Apple's shares rose nearly 5% on Wednesday, following the release of its earnings report, while the stock's current price was around $ 210.
If you invested in Apple 10 years ago, that decision would have paid off. According to CNBC's calculations, an investment of $ 1,000 made on May 1, 2009 would have a value greater than $ 13,000 as of May 1, 2019 at noon, for a total return of more than 1,200%.
Over the same period, the S & P 500 recorded a return slightly above 300%.
And, thanks to trade, lower prices on iPhones and improved trade negotiations between the US and China, some badysts seemed optimistic about the stock of society as a whole.
"We believe that Apple has captured a significant share of the high-end product market and will continue to dominate high-end smartphone sales and capture the vast majority of smartphone profits for the next several years," he said. Canaccord Genuity Financial Services Firm.
CNBC: Apple Action as of May 1, 2019.
Nevertheless, although Apple's shares have recently increased and generally performed well over the years, any individual stock may outperform or underperform and past performance may not predict future results. And while the company announced a profit of $ 2.46 per share for its last quarter, exceeding estimates of 10 cents per share, it recorded a second consecutive decline in its quarterly business figure.
Apple is looking to increase sales outside of smartphones. The CEO, Tim Cook, highlighted two growing companies during his conversation with badysts: Apple Services, which includes products such as Apple Music and iCloud, and Apple Wearables, which includes AirPods and Apple Watch.
"This was our best quarter ever for services, with revenues reaching $ 11.5 billion," Cook said. Service revenue increased 16% from $ 9.19 billion in the previous year.
If you want to invest, experienced investors such as Warren Buffett suggest you start with index funds, which contain all the stocks of an index, which means that they are automatically diversified and tend to be little costly. Moreover, as they fluctuate with the market, they are generally less risky than choosing individual stocks.
Here is an overview of the current market situation.
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