3 Things About Apple That Smart Investors Know
Since Apple (NASDAQ: AAPL) was founded over 45 years ago, in 1976, it has climbed to almost unprecedented heights. It has the highest market cap globally -- $2.43 trillion -- even after overcoming a challenging 2022 where its stock price tumbled 27% alongside a broader selloff in numerous other tech stocks.
Since the start of 2023, Apple shares have risen 23% as tech stocks have gradually come back into favor with Wall Street. However, the tech giant's price-to-earnings ratio (P/E) of 26 is relatively low compared to competitors like Amazon, with a P/E of 94, and Walt Disney, at 55.
With that said, it seems to be an excellent time to learn more about the iPhone company and consider investing in it. Here are three things that smart investors know about Apple.
Source Fool.com
