Apple Inc. (AAPL) is a multinational technology corporation that develops, produces, and markets smartphones, tablets, wearable devices, and accessories. The iPhone, iPad, Apple Watch, Apple TV, and the Mac line of desktop and laptop computers are some of its flagship products. Along with its iCloud cloud service and other digital streaming content offerings like Apple Music and Apple TV+, the corporation also has a thriving services division.
Stephen Wozniak and Steve Jobs established Apple in 1976. The tech titan got its beginnings in the Jobs family garage and has since expanded into a massive, diversified technological company. Apple's expansion strategy includes buying tiny tech firms that it can quickly incorporate into its expanding product line. On December 12, 1980, four years after it was established, Apple went public through an initial public offering (IPO) at a price of $22 per share. On the Nasdaq Global Select Market, its stock is traded.
Apple's fiscal year 2020 (FY 2020), which concluded on September 26, 2020, had net sales of $274.5 billion and a net income of $57.4 billion.
On January 3, 2022, Apple temporarily became the first $3 trillion firm in history during intraday trade. The firm that makes the iPhones is also notable for being the first in the world to surpass $1 trillion and $2 trillion in sales.
Apple's stock has split five times. Apple pays a quarterly regular cash dividend of $0.22 share.
As of July 16, 2021, Apple had 16,530,166,000 shares outstanding.
According to Apple's most recent quarterly report, which was made public on July 28, 2021, the company had a net income of $21.7 billion for the quarter that ended on June 26, 2021. That is an increase of 93.2% year over year (YOY) from the same quarter in 2020. Additionally, it announced quarterly profits per share of $1.30, a 100% year-over-year rise, and sales of $81.4 billion, an increase of 36.4%.
Apple's financial health, especially the value of its stock, is highly dependent on the sale of its goods.Apple stock, which has been on the rise for most of recent years, reached new all-time highs near the end of 2021 and is now valued at close to $3 trillion, which is a record.
However, over a longer period of time, each product had a distinctly beneficial impact on the stock. Your investing choices should ideally be based on the long-term, overall perspective rather than the daily volatility. The market mechanism will eventually determine what real value is in the market. Rely on the collective expertise over the long term rather than on speculators who frequently come and go, and you'll be able to leverage the efforts of businesses like Apple.