share will continue to rise and the total market value is likely
On 30th August, AAPL increased by 3.04%, the biggest daily increase since March 2020, to $153.12, revising all-time high, and the total market value of AAPL exceeded $2.5 trillion. I believe Apple share will continue to rise and the total market value is likely to reach $3 trillion. The reasons are as follows for your reference.
Apple’s revenue is growing rapidly
According to Apple’s latest quarterly financial report, Apple’s third-quarter sales reached $81.41 billion, a year-on-year increase of 36%, higher than the market’s previous estimate of $73.3 billion. Apple’s gross profit margin reached 43.3%, higher than the previous forecast of 41.9%.
I believes that, according to Apple’s financial report, it shows that its growth is still strong. At this rate, it will not be difficult for Apple to hit a market value of $3 trillion in half a year.
The return rate of Apple shares exceeded 32% in the past 10 years
If you invested $1,000 in Apple shares in August 2011, your shares are worth more than $16,000 today. If all dividends are reinvested, the annual rate of return will exceed 32%, while the annual rate of return of the S&P 500 Index during the same period is only slightly higher than 16%.
In addition, Apple has been committed to reducing the number of shares in circulation through share repurchases. Since launching the capital return program in 2012, the company has spent more than $450 billion on repurchases and dividends.
I believe that for investors who hold Apple stocks for a long time, such a rate of return is very impressive.
Warren Buffett prefers Apple shares
Recently, Buffett’s Berkshire Hathaway submitted a 13Filings quarterly report to the U.S. SEC. The documents show that the top three positions Berkshire Hathaway holds are Apple, Bank of America and American Express. It is worth mentioning that Berkshire holds 887 million shares of Apple, accounting for 41.45% of its holdings. Berkshire Hathaway’s second-largest position is Bank of America, only accounting for 14.21% of its holdings, the gap is obvious.
Based on the current share price, Buffett has earned at least 7 times as much as the price recorded 5 years ago, which does not include the annual dividend. I believe that Buffett’s optimism about Apple stock will undoubtedly boost investors’ confidence in Apple shares.
Technically, the market trend was strong
On the chart of the day, AAPL continued rising, supported effectively at the ascending trend line. It will rise further with potential target at 160 if it reverses but is steady above 136, and it will continue jumping with the target at 180 if it breaks through 160. Technically, golden crossing was formed and then macd rose. The indicator of RSI was moving at high levels, suggesting the market
AAPL
trend is bullish.
Apple’s revenue is growing rapidly
According to Apple’s latest quarterly financial report, Apple’s third-quarter sales reached $81.41 billion, a year-on-year increase of 36%, higher than the market’s previous estimate of $73.3 billion. Apple’s gross profit margin reached 43.3%, higher than the previous forecast of 41.9%.
I believes that, according to Apple’s financial report, it shows that its growth is still strong. At this rate, it will not be difficult for Apple to hit a market value of $3 trillion in half a year.
The return rate of Apple shares exceeded 32% in the past 10 years
If you invested $1,000 in Apple shares in August 2011, your shares are worth more than $16,000 today. If all dividends are reinvested, the annual rate of return will exceed 32%, while the annual rate of return of the S&P 500 Index during the same period is only slightly higher than 16%.
In addition, Apple has been committed to reducing the number of shares in circulation through share repurchases. Since launching the capital return program in 2012, the company has spent more than $450 billion on repurchases and dividends.
I believe that for investors who hold Apple stocks for a long time, such a rate of return is very impressive.
Warren Buffett prefers Apple shares
Recently, Buffett’s Berkshire Hathaway submitted a 13Filings quarterly report to the U.S. SEC. The documents show that the top three positions Berkshire Hathaway holds are Apple, Bank of America and American Express. It is worth mentioning that Berkshire holds 887 million shares of Apple, accounting for 41.45% of its holdings. Berkshire Hathaway’s second-largest position is Bank of America, only accounting for 14.21% of its holdings, the gap is obvious.
Based on the current share price, Buffett has earned at least 7 times as much as the price recorded 5 years ago, which does not include the annual dividend. I believe that Buffett’s optimism about Apple stock will undoubtedly boost investors’ confidence in Apple shares.
Technically, the market trend was strong
On the chart of the day, AAPL continued rising, supported effectively at the ascending trend line. It will rise further with potential target at 160 if it reverses but is steady above 136, and it will continue jumping with the target at 180 if it breaks through 160. Technically, golden crossing was formed and then macd rose. The indicator of RSI was moving at high levels, suggesting the market
AAPL
trend is bullish.