Apple Sells Some of the Most Popular Hardware Products on the Face of the Planet, but This Other Segment Is Responsible for More Than a Third of Its Gross Profits
With the iPhone, MacBook, iPad, and various wearables, (NASDAQ: AAPL) sells some of the most popular hardware products on the face of the planet. And these devices alone have made this enterprise a cultural icon.
But the business generates 36% of its total gross profit from an entirely different segment. This division only will become more important over time for Apple.
Here's what investors need to know about this top FAANG stock.
Source Fool.com
Apple Inc. Stock
€173.02
-0.100%
Currently there is a rather positive sentiment for Apple Inc. with 80 Buy predictions and 6 Sell predictions.
With a target price of 199 € there is a slightly positive potential of 15.02% for Apple Inc. compared to the current price of 173.02 €.
