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Why Apple Stock Climbed 11% in October

TheMotleyFool

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Shares of Apple (NASDAQ: AAPL) rose 11.1% in value last month, according to data from S&P Global Market Intelligence. The stock price has been steadily rising this year on the hopes that strong growth in services and non-iPhone products can pick up the slack on the top line.

With a saturated smartphone market, iPhone sales are not enough to grow the company anymore, but the fiscal fourth-quarter earnings report showed why that shouldn't be a concern.

Sales of wearables and accessories like the new AirPods Pro have become an important growth driver for the iPhone maker. Image source: Apple.

Source Fool.com

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