Thinking of buying the Apple (AAPL) stocks? See if it helps your existing portfolio. Learn how to invest in the best US stocks like AAPL, FB, AMZN, GOOG, and more using Cube.
April 18, 2024
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When Steve Jobs started Apple in a Californian garage in 1976, nobody expected it to reach a market cap of over $1 trillion 30 years. Apple (AAPL) is the first publicly traded US company to hit the trillion dollar mark and currently has a market cap of $2.045 Trillion.
The Apple stock, therefore, is one that is coveted and rides on the brand’s aspirational value as well. Steve Jobs' charismatic leadership and the premium nature of Apple products that we’ve come to know have been instrumental in driving the historically strong performance of the AAPL stock.
Since its IPO on December 12, 1980, the AAPL stock has seen a growth of ~125,000%. AAPL’s recent 4-to-1 stock split** has made the stock even more affordable. But should you buy AAPL stocks? Will it benefit your existing portfolio?
Knowing the facts & figures can help you make an informed decision. So let’s start off by looking at the AAPL stock information.
Apple Inc. Stock (AAPL) Information At A Glance
1. Stock Name: Apple Inc. (AAPL)
2. Share Price: $120.09*
3. Market Cap: $2.02 Trillion
4. Beta: 1.25
5. P/E Ratio: 32.46
6. 52 Week Low: $59.22
7. 52 Week High: $145.09
Fun Fact: To raise capital for fulfilling the demand for Apple I, Steve Wozniak had to sell his Hewlett-Packard 65 scientific calculator for $500.
Historical Performance Of Apple Stock (AAPL)
Note: Historical performance does not guarantee future success. Please consult a Cube Wealth Coach or enroll for our US Advisory Service, before investing your hard-earned money into any stocks.
Apple Inc. is currently clear of its main competitor, Microsoft, in terms of market cap ($2.02 Trillion Vs $1.78 Trillion). Even during the pandemic, Apple posted a strong Q3 revenue of $59.7 billion.
Top 10 Apple Inc. (AAPL) Products
1. iPhone
2. iPad
3. Mac
4. Apple Watch
5. Apple TV
6. iOS
7. OS X
8. iCloud
9. Apple Pay
10. watchOS
7 Benefits Of Buying Apple Stock (AAPL)
1. Customer Loyalty. Apple users are proud and rarely switch brands.
2. Q3 2020 Mac sales went up by 29% compared to Q3 2019.
3. Q3 2020 iPad sales went up by 46% compared to Q3 2019.
4. Growth in year over year net sales by more than 1%.
5. The 5G enabled iPhone 12.
6. Increasing iTunes subscriptions.
7. Growth in Q3 sales for wearables, home and accessories sales by 21%.
How To Buy Apple Stock (AAPL) From India Using Cube?
Cube simplifies the process of buying stocks of US companies like Google, Facebook, Amazon, Apple, Tesla, and more from India. With a few clicks, you can invest in US stocks with world-class advice from award-winning RIA, Rick Holbrook from the comforts of your home.
Cube also allows you to invest by yourself in any US stock for a low amount! Simply click on the "Buy US Stocks On Your Own" option.
Before you buy any international stock, speak to a Cube Wealth Coach to know whether AAPL, GOOG, FB, AMZN, and more can help your portfolio.
Should You Buy AAPL Stock?
Apple Inc. is a company built on a clear ideology that places a premium on quality over quantity. The historical growth of the AAPL stock and the increasing demand for Apple products like the Airpods, Apple TV+, Apple Music, and more can be a solid proposition for an investor looking to diversify their portfolio with strong international investments.
However, the dwindling sales of the iPhone & potential regulatory risk can have a negative impact on the AAPL share price. So before you invest in the AAPL stock, evaluate your risk appetite, investment goals, financial health, and more to determine whether AAPL stocks can help your existing portfolio.
*Note: All facts & figures are as of 24-03-2021. While we update our blogs regularly, check out the Cube Wealth app for detailed facts & figures.
FAQs
**Q. What is a stock split?
Ans. Companies split their stocks to increase the number of shares that investors can buy. As a result, the price of each stock decreases. This does not affect the market cap.
Q. Can I buy Apple stock in India?
Ans. Yes! You can buy Apple stock from India using a reliable app like Cube Wealth. Cube gives you access to US stock advisory with RIA, Rick Holbrook who currently manages ~$130 million for HNIs. You can invest as little as $1 using Cube Wealth. Take Me To The App
Q. Can I buy US stocks in India?
Ans. You can buy US stocks from India with a powerful investment platform like Cube Wealth. The RBI allows Indian investors to remit up to $250,000 through the LRS route. Cube lets you invest in US stocks on your own or with advice from RIA, Rick Holbrook for as little as $1. Get started now
Interested in other US stocks? Check out our blogs on:
Buying Apple Inc. stock is a straightforward process, and it can be done in a few simple steps:
1. Choose a Broker
Start by selecting a reputable online brokerage firm. There are numerous options available, including traditional brokerage firms and online discount brokers. Ensure that the broker you choose offers the services and tools that align with your investment goals.
2. Create an Account
After selecting a broker, you'll need to create an investment account. This usually involves providing personal information, such as your name, contact details, and financial information.
3. Fund Your Account
To buy Apple Inc. stock, you'll need to deposit funds into your brokerage account. You can do this through various methods, such as bank transfers or electronic deposits.
4. Search for the Stock
Once your account is funded, use your broker's trading platform to search for Apple Inc. stock. You'll typically find it under the ticker symbol "AAPL."
5. Place an Order
Decide whether you want to place a market order (buy at the current market price) or a limit order (set a specific price at which you want to buy). Follow your broker's instructions to place the order.
Watch this video to know how you can buy US stocks on your own using Cube
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