Where Will Apple Stock Be in 5 Years?
(NASDAQ: AAPL) is worth a whopping $3.4 trillion as of this writing (Nov. 9), making it one of America's best corporate success stories. The company is an innovator and disruptor that puts its customer base first, which has helped it get to its dominant position.
Apple has undoubtedly made for a fantastic investment. The shares have soared 249% just in the past five years, a gain that crushes the broader Nasdaq Composite index. But where will this "Magnificent Seven" stock be in five years?
In fiscal 2024 (ended Sept. 28), Apple generated $391 billion in revenue, of which 75% came from the sale of hardware. The lineup includes the iPhone, MacBook, iPad, and Watch, for example. The company's popular smartphone, though, represents more than half of total revenue. This is still an iPhone business.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 75 Buy predictions and 7 Sell predictions.
With a target price of 282 € there is a slightly positive potential of 4.89% for Apple Inc. compared to the current price of 268.85 €.
