3 Reasons Apple Is A Strong Buy [Seeking Alpha]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
investor.apple.com
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Source: Seeking Alpha
Summary Investment Thesis With Apple Inc. ( AAPL ) trading near all-time highs, we still believe the stock is a strong buy for three main reasons: Service revenue becoming the next big growth driver, ASP will continue to grow with the next set of iPhones recently released, and the company continuing to produce strong free cash flow which will allow management to make strategic decisions in order to increase long-term value. The stock has had a tremendous run this year with the stock up around 30%, but long-term investors can still jump on this blue-chip darling. Photo Credit Reason #1: The Next Great Growth Driver Since the release of the first generation iPhone back in 2007, iPhone has been Apple’s flagship product and the one area investors looked to for growth. iPhone unit sales hit their peak back in 2015 when the company reported unit sales of 231.2 billion for their fiscal year. In 2015, iPhone revenue accounted for 66% of total revenue for the compa
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- New iOS 18 AI Security Move Changes The Game For All iPhone Users [Forbes]Forbes
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AAPL
Earnings
- 2/1/24 - Beat
AAPL
Sec Filings
- 4/17/24 - Form 4
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- AAPL's page on the SEC website