Better Stock to Buy: Apple vs. Garmin
The tech hardware industry can be a brutal one for all but a few top businesses. Factors like quickly shifting consumer preferences, a host of price-based rivals, and the constant pressure to innovate make life hard for companies operating in this arena.
It's worth watching companies like (NASDAQ: AAPL) and Garmin (NYSE: GRMN), then, which have demonstrated over the years that they can generate above-average profits in this tough selling environment. Let's take a closer look at these two successful companies to see which might be the better fit for your portfolio right now.
Safety isn't a big factor in the investment theses of many tech stocks, but Apple is a notable exception. Among the attributes that make it a safe investment are its massive global sales base. Apple generates nearly $400 billion of annual revenue compared to Garmin's $5 billion. The tech leader also holds enough cash on its books to see it through a prolonged industry downturn, in contrast with all its smaller peers. Its growing services segment adds to the diversification benefits of owning this business.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 79 Buy predictions and 6 Sell predictions.
As a result the target price of 200 € shows a slightly positive potential of 14.42% compared to the current price of 174.8 € for Apple Inc..
