Reason To Buy Apple Stock

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Reason To Buy Apple Stock

One Reason To Buy Apple Stock

The MacBook Neo was launched by Apple in March, and it has become an instant hit. It is a low-priced laptop with the goal of making the Mac experience accessible to more people around the globe.

So far, the reviews of the MacBook Neo are great, and so is the demand. The earnings reports also show that the laptop had a positive impact on Mac sales.

MacBook Neo Demand Remains High

Analysts think the new MacBook Neo laptop is a strong enough reason to buy Apple Stock! The launch of low priced laptop is a clear sign that Apple is capable of driving sales from other sectors beyond the iPhone!

The earning report from April showed that quarterly net sales of $56.99 billion came from the iPhone. That accounts for 51% of the total sales volume.

But now, strong growth is seen in the Mac category with a 6% increase in sales. The CEO also made a statement about how the MacBook Neo is getting higher than expected demand.

The company has also offered a discounted price for the schools. This means the MacBook Neo could also find its way to the public schools and even other educational centers.

In fact, public schools in Kansas City are already moving from Chromebooks and Windows laptops to MacBook Neo. Looking ahead, the education market in the USA is huge, and MacBook Neo can help Apple capture it.

If we look at the Apple stock, it is underperforming when compared to the Nasdaq 100 index. But, this also means a great opportunity to buy Apple stock as MacBook Neo is expected to bring more revenue.

Although the MacBook Neo's sales are a good sign, there's yet another reason to buy the Apple stock. The quarterly report shows Apple's revenue is up by 17% y/y and reached $111.2 billion.

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