Apple also provides and sells related platforms and services to power them and is the host of a widely-used digital ecosystem. The digital ecosystem revolves around the Apple App Store which lists thousands of games and applications for iOS users. The App Store also features digital content like music, TV, and movies as well as books, podcasts, and other forms of digital content. The company sells its products through an omnichannel network of DTC, wholesales, and eCommerce channels including mobile carriers, retailers, and resellers. We believe Apple has cemented a long-term position atop the consumer electronics industry with a focus on a premium ecosystem of tightly integrated hardware, software, and services. We see the flagship iPhone as the linchpin of this ecosystem, from which Apple derives pricing power, switching costs, and a network effect.
- We’d like to share more about how we work and what drives our day-to-day business.
- Their vision coincided with a revolution within the PC industry and helped to create personal computing as we know it today.
- We see the flagship iPhone as the linchpin of this ecosystem, from which Apple derives pricing power, switching costs, and a network effect.
- The newly minted shares were payable to shareholders after the market closes on Friday, August 28th 2020.
- Based on an average daily volume of 58,190,000 shares, the days-to-cover ratio is presently 1.9 days.
33 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Apple in the last year. There are currently 1 sell rating, 10 hold ratings, 21 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” AAPL shares. The company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
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Should I Buy Apple Stock? AAPL Pros and Cons Explained
This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, February 9th. As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven https://www.dowjonesrisk.com/ companies that are getting work done with the power of AI. Tim Cook took over the role of CEO in 2011 shortly before the death of Steve Jobs. Cook joined the company in 1988 as Senior VP of Global Sales and went on to become Executive VP of Global Operations before taking on the chief executive role.
Stock buyback plans are generally a sign that the company’s leadership believes its shares are undervalued. As of February 29th, there was short interest totaling 111,930,000 shares, an increase of 14.6% from the February 14th total of 97,670,000 shares. Based on an average daily volume of 58,190,000 shares, the days-to-cover ratio is presently 1.9 days. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
The campus features a massive circular building nicknamed The Spaceship and provides working space for over 12,000 employees. The circular shape houses a park and a pond and there are many amenities within the facility including cafes, a wellness center, care clinics, and terminals for the shuttle system. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
Industry, Sector and Symbol
The was valued at over $2.6 trillion in 2022 and brought in $0.4 trillion in revenue making it equal in size to the economies of Thailand and Belgium which are ranked 24th and 23rd largest worldwide. We’d like to share more about how we work and what drives our day-to-day business.
An investor that had 100 shares of stock prior to the split would have 400 shares after the split. Apple declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Monday, February 12th will be given a dividend of $0.24 per share on Thursday, February 15th.
In our view, every other Apple device and service sees its greatest value from further locking in customers to this walled garden. The company’s core product line has shifted away from computers over the years and towards iPhones and devices but computing is still fundamental to the business. In regard to iPhones, Apple’s products are routinely ranked as the top-selling in all comparisons. Founders Jobs and Wozniak, both college dropouts, founded the company with the idea of changing the way people looked at computers. Their vision coincided with a revolution within the PC industry and helped to create personal computing as we know it today. The company’s first product was a personal computer known as the Apple 1 but the product line has since evolved to include a wide range of desirable personal computing devices.
Earnings and Valuation
Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. Founded on April 1, 1976, by Steve Jobs and Steve Wozniak, it is now the leading producer of consumer electronics and an economy all of its own.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Apple offers an expansive ecosystem of tightly integrated hardware, software, and services, which locks in customers and generates strong profitability. 11,001 employees have rated Apple Chief Executive Officer Tim Cook on Glassdoor.com. Tim Cook has an approval rating of 94% among the company’s employees. This puts Tim Cook in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The newly minted shares were payable to shareholders after the market closes on Friday, August 28th 2020.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Finally, Apple provides AppleCare support services, cloud store services, and a host of other service offerings intended to simplify life. Among them are Apple News (subscription news), Apple TV+ (subscription TV with original content), Apple Card (consumer credit card), and Apple Pay (mobile cashless pay feature). Apple announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 4th 2023, which authorizes the company to buyback $90,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases.
Apple (AAPL) Stock Price, News & Analysis
In his tenure, Mr. Cook has more than doubled Apple’s revenue and earnings while growing the company’s value by more than 450%. Sign-up to receive the latest news and ratings for Apple and its competitors with MarketBeat’s FREE daily newsletter. Apple is headquartered in Apple Park, an ultra-modern campus built in Cupertino, California.
