Can Apple Stock Make Me Rich

"We were convinced this was going to be an educational play—computers in schools. We had no concept of a personal computer market," recalled Wood. He had the Apple business plan and started to haircut every assumption he could find, but his more conservative calculations still projected Apple growing like wildfire. Continental Illinois invested $504,000 in August 1978. The firm sold $5 million of the position at the IPO to get back 10 times its original investment and still held 1.5 million shares of house money. Wood, who went on to co-found private equity firm Madison Dearborn Partners, had no regrets when Continental Illinois trimmed the position and locked in gains to contribute to the bank's overall earnings.

It would take 30 years before an Apple IPO investor would see a 78-fold return. There is no advisory fee or commissions charged for Schwab Intelligent Portfolios. Investors in Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium (collectively, "Schwab Intelligent Portfolios Solutions") do pay direct and indirect costs.

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Schwab receives compensation from some of those ETFs for providing shareholder services, and also from market centers where ETF trade orders are routed for execution. Fees and expenses will lower performance, and investors should consider all program requirements and costs before investing. Expenses and their impact on performance, conflicts of interest, and compensation that Schwab and its affiliates receive are detailed in the Schwab Intelligent Portfolios Solutions disclosure brochures. There are no guarantees in the stock market, and single-stock investments are riskier than investing in a diverse portfolio, but sometimes, those single stocks work out great and offer amazing returns.

When that happens, you've found the holy grail of the stock market. With a single stock, you cannot be rich, so start investing with a small amount in different funds of several companies. Buying and selling of stocks within a few months or a few years are not beneficial for investors, as they may not earn returns from the amount as expected. Operating in 125 countries, the company uses cloud-based technology to update its customers on rapidly changing rules and regulations and to ensure the ideal routing for their goods. But that's because the company has been grappling with the substantial upfront costs of investigating trade rules and putting the results into their system.

The demand for global trade logistics is great, he adds, so he expects rapid growth in revenues and, once the company turns profitable, in earnings as well. Analysts on average see revenues growing by 19.4% this year 17.4% in 2015. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication.

Will Apple Stock Make Me Rich While the stock market has been a popular investment option for a very long time, the way people invest is changing. Over the last few years, single-stock investments have gone out of favor when compared to low-cost index funds, but many investors still stick with portfolios of individual stocks. When the stock market came tumbling down during the Great Recession, many investors ran for the hills. Jim Wang, the founder of Best Wallet Hacks, had a different idea.

He saw an opportunity in the low stock prices and bought shares in several companies, including Southwest Airlines. That single stock investment returned 950% within 10 years of Wang's 2009 investment. Annual investment return is assumed to be 7% each year. The investment performance is not attributable to any actual Betterment portfolio nor does it reflect any specific Betterment performance. The balance projections are based on an initial deposit equal to the monthly deposit selected.

All investing returns and interest paid are assumed to be immediately reinvested. Hypothetical examples are for illustrative purposes only, and market conditions can and will impact performance. Buffett, who had long avoided investing in tech stocks, first bought 10 million shares of Apple back in 2016. He has since added to that stake, eventually investing more than $36 billion in the tech company's shares. That stake, including the $11 billion in shares he cashed in last year and the over $3 billion that Berkshire has collected in dividends, was worth about $134 billion at the end of last year.

Apple's shares have slid slightly in 2021, but are still up roughly 400% in the past five years. The company's stock price was up Monday more than 5% to nearly $128 a share. But investing in the stock market — no matter the platform — comes with the risk of losing money.

Last year, Public added "Safety Labels" to some of the more risky investments you might come across. This can include companies that recently filed for bankruptcy or companies with a market capitalization — the cumulative value of all their shares at a given time — below $300 million. To show exactly how well some single-stock investments pay off, here's a success story from an expert in the world of investing. Julie Rains, a blogger atInvesting to Thrive, advocates investing in single stocks as part of a well-constructed portfolio. Julie invested $7,000 in California-based computer-graphics-chip manufacturer Nvidia. The stock became a tenbagger; its value increased 10 times to more than $95,000 after she purchased it, as NVDA achieved advancements in deep learning and software for thedriverless carmarket.

This has definitely made saving/planning much easier and convenient and I am excited about the future. I'd definitely recommend this to any young individual who wants to start saving for retirement but hasn't yet because they don't have the time. It took 20 minutes to set up and the application is extremely user friendly.

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A smartphone and an investing app are enough to get in on the action. If you don't want to pursue investing as a hobby or you don't want to be looking at your account regularly, you could always invest in something safe, like the Vanguard S&P 500 ETF (exchange-traded fund). If you don't know what that is, don't worry, I didn't either before I started. Using this example specifically, the Vanguard S&P 500 ETF is a fund you can buy a share of, just like a regular stock. This fund holds pieces of hundreds of companies, essentially "tracking" the stock market itself. If the market does well in general, this ETF does well.

My explanation really doesn't do it justice, so again, I recommend researching before you jump in. Next week, Apple is executing a four-for-one stock split, and Tesla announced a five-for-one split that will be implemented at the end of the month. An online brokerage is your gateway to buying and selling stocks. In addition to enabling you to purchase Apple shares, online brokerage accounts also provide a wealth of research, educational materials and account types to help you meet your investing goals. Advocates for low-cost funds argue that investors are best off buying a broad portfolio of stocks that emulates the market as a whole.

Advocates for single stocks, on the other hand, appreciate the granular control of each investment and the portfolio as a whole. There is no right or wrong answer here—just what works best for your investment goals and risk tolerance. At the time, esteemed early-stage investor Alan Patricof managed Fifty-Third Street Ventures.

The firm originally invested $315,000, which on Apple IPO day was worth just over $5 million. There is a chance that trading attributed to tax loss harvesting may create capital gains and wash sales and could be subject to higher transaction costs and market impacts. In addition, tax loss harvesting strategies may produce losses, which may not be offset by sufficient gains in the account and may be limited to a $3,000 deduction against income. In the event you like Apple stock but feel that investing in individual stocks is riskier than you're comfortable with, consider purchasing a mutual fund or exchange-traded fund that has Apple in its portfolio. Funds contain bundles of securities from different companies and/or industries.

The diverse holdings can make them a safer investment than individual stocks. In the charts below, all data splits are adjusted and gain-loss figures do not include dividends, interest, distributions or fees except on cash accounts. The portfolio value represents current holdings and the comparison charts represent current and historical prices of individual benchmarks, stocks or exchange-traded funds.

Standard online $0 commission does not apply to over-the-counter equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules. Share dealing is when you buy or sell shares in a public limited company on a recognised stock exchange.

When you buy a share you become one of the company's owners and you may be entitled to a share of any profits it makes. If the company does well, your shares may go up in value because more people want to have a stake in the company. But if the company doesn't do well, the value of your shares may fall. Our share dealing service will also be offering other types investments, in addition to company shares.

One of the main types will be bonds, which are loans to a large organisation. As our service develops, we will enable you to buy UK government bonds, known as gilts, as well as corporate bonds. Keep in mind, if your investment has increased in value, you may owe taxes on your profit. These so-called capital gain taxes are determined based on your income level and how long you held your AAPL stock. If you're concerned about how selling your Apple shares may impact your taxes, don't be afraid to speak with a tax professional, like a certified public account .

Buying individual stocks is largely the same process as buying ETFs, mutual funds, and bonds. You'll need to open and fund a brokerage account that gives you access to the market. From there, you can use a stock screener to filter through the market and narrow down your choices.

Once you are ready to buy a stock, you just need to place a buy order. The future performance of single stocks is based on many factors, including the company's financial performance and overall economic and market conditions. A change in interest rates or unemployment figures is often enough to send stocks into a tizzy, and earnings announcements can have a major impact in the short term as well. Market commentators described Apple's first trading day as "orderly," with a respectable gain of 30%.

Many investors were eager to own a slice of Apple and participate in the burgeoning personal computer space. The stock was unavailable in Illinois and Wisconsin, and in Massachusetts it was banned outright. "We feel it's over-valued," said the Massachusetts regulator, citing a state law that IPO stock prices cannot exceed 25 times earnings per share. By adding Wealthfront to the investments you're already making, you can balance the risk of single stocks with the opportunity to realize gains across a variety of funds simultaneously. There's no better strategy to building long-term wealth. The investing information provided on this page is for educational purposes only.

NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the 'Doing Business with Fidelity' document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.

Important information - the value of investments can go down as well as up, so you may get back less than you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. When you're thinking about investing in shares, it's generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless you have a lower protected pension age.

If you had spent $1,000 on Apple stock in 1980, you would have been able to buy about 45 shares at $22 apiece. Apple shares have split four times since then—when a stock splits, it increases the number of shares an individual has—which puts the adjusted initial offering price at closer to 39 cents a share. Using that figure, an investment of $1,000 in Apple back in 1980 would yield close to $272,000 today. When you place a deal online or over the phone, you'll give us an 'Order' – an instruction to buy the share you've chosen. When you buy a share, you'll need to have already funded your online account with enough to pay for your order, covering both the investment you're buying and the dealing charges.

Share prices can fluctuate during the day so the price you get when you buy or sell will depend on the time the order is fulfilled rather than the time you commit to placing the deal. Great businesses tend to generate high returns on invested capital, which means they need to reinvest less of their earnings to generate the same level of growth compared to inferior businesses. A great business benefits from sustainable competitive advantages, which results in more stable financial performance. And from an investment perspective, it is very difficult to replace a good business in a portfolio. It might take years to build the knowledge base necessary to buy with conviction. Good businesses also tend to be expensive, and attractive buying opportunities are rare.

For these reasons, when we find a great business, our preference is always to hold on to it for as long as possible. Because these investment funds own hundreds or even thousands of different stocks, they're generally considered to be less risky than individual stocks while still offering solid long-term returns. While individual shares are one way to invest in Apple, it's not your only option.

Why Is Apple Doing So Well In Stocks

So what are the key trends that are likely to drive Apple's results? While Apple launched its latest iPhone 13 handsets in September, we don't expect the device to be a major driver of Apple's sales, as it was available for sale for just about a week in Q3. However, it's possible that Apple could be seeing some pressure on device supply, due to the ongoing semiconductor shortage.

Apple's margins are also likely to trend higher on a year-over-year basis, driven by a growing mix of services revenues, higher average prices on iPhones, and other devices. See our interactive dashboard analysis onApple Pre-Earningsfor more details. The new iPhone 12 handsets saw their first full quarter of sales over Q2 FY'21, helping iPhone revenue rise 65% compared to last year. The iPhone is Apple's most profitable hardware product and the new handset is also priced at a premium compared to its predecessors, helping margins. For example, Apple says that it has about 660 million paid subscriptions on its platform now, marking an increase of 145 million compared to last year.

Separately, Apple said that it also benefited from a favorable foreign exchange environment. Apple's financial performance, including its share price, relies heavily on the sales of its products. A high flier through much of its recent history, Apple stock hit new all-time highs toward the end of 2021, with a market capitalization approaching a record $3 trillion. Apple also appears to be getting more Android customers to migrate to its ecosystem, noting that it saw strong double-digit growth in the number of people who switched in Q3. This is significantly positive, as Apple has done a good job locking in users and better monetizing them with pricier upgrades, new products, and services. While continued revenue growth and solid margin expansion should drive Apple's profits, shareholder returns could be magnified by Apple's massive stock buyback program.

For perspective, the company has bought back an average of 5% of its stock each year over the last five years. A pandemic-era surge in tech stocks has driven the major US tech companies to new highs, pulling US stock markets with them. In between, several start-ups tapped the stock markets to raise funds on the back of promising EV technology claims.

Electric vehicles currently account for only a fraction of total global vehicle sales, and most research firms expect the industry to grow at compound annual rates in the high 20s through 2030. Apple is clearly in a much better position to navigate the ongoing headwinds compared to other smartphone players. Apple is the most profitable company in the smartphone space by far, with gross margins standing at a solid 42% in Q4 FY'21.

This means the company should be in a better position to pay more to secure supply, compared to smaller players, without really impacting its profits. This could mean that Apple will see reasonable supply growth despite shortages. Demand should also hold up, as carrier promos for the new devices also appear attractive, as wireless carriers look to sign on customers for their recently built out 5G networks. Stronger momentum in the iPhone business is always a big catalyst for Apple stock, and this could be validated as Apple publishes Q1 FY'22 earnings. Large companies beat collective market expectations of their earnings to positively influence their market capitalization. It's no accident that they often manipulate their earnings reports to match or beat estimates to artificially enhance their stock prices.

As a result, earnings management is highly scrutinized by the Securities and Exchange Commission . However, will reducing commissions by half impact the performance of Apple's highly lucrative and fast-growing Services business? After all, the AppStore is estimated to account for roughly a third of Apple's Services Revenue. Apple earns a bulk of its AppStore revenue from the largest developers, with Sensor Tower indicating that developers who benefit from this program accounted for under 5% of App Store revenues last year. Moreover, the discounted fee will only apply until developers cross the $1 million threshold, after which Apple will bill them at the higher 30% commission rate.

Apple appears well on its way to being the first company to hit a $3 trillion market cap. As of the opening bell on Thursday, the company's stock was sitting at $174.91 per share, and it only needs to hit $182.86 before crossing the historic point. Apple's stock has split several times since it first went public in December 1980. The first split came on June 16, 1987, on a two-for-one basis at a pre-split price of $79. The next split came on June 21, 2000, when share prices reached $111.

On Feb. 28, 2005, Apple split its stock again when it hit $90. The company split its stock again on a seven-to-one basis on June 9, 2014, when share prices reached $656. The final stock split came on Aug. 28, 2020, when it split on a four-to-one basis at a pre-split price of $499.23. The release of an innovative, revenue-driving product or service is one of the few options a company has to influence its stock valuation. When Wall Street valuations are right or wrong, the reward or loss can be astronomical for investors.

This is because accurately estimating the impact of an internationally distributed product on a company's earnings and the company's stock is a herculean challenge. Martin said there are indications that Apple's current products, especially its iPhone Pro models, are selling well, potentially leading to a big December quarter for the company. Apple said in October it expected record revenue in its fiscal first quarter, over last year's $111.4 billion in sales, despite supply constraints. Europe's record start to the new year set the stage for US markets to continue their late 2021 recovery. The opening of the S&P 500 index, which climbed by 26.9% last year, was bolstered by a 9% jump in Tesla shares after the company's quarterly deliveries exceeded expectations.

Think Apple stock is pricey at current levels, but still want to play the upside in iPhone sales? Check out our theme onApple Component Supplier Stocks– which includes a diverse set of companies that supply components for iPhones, iPads, and other Apple devices. In addition, Apple continues to rake in revenue through services like AppleCare, the App Store, Apple Music+, and Apple TV+.

Apple shares pulled back following a rocky week for markets as the Federal Reserve hinted at an earlier liftoff on interest rates for the year, but not before it became the first company to reach a $3 trillion market cap. According to Independent Solutions Wealth Management portfolio manager Paul Meeks, however, Apple stock is nowhere near a good deal right now. While myriad investing strategies have been effective in making long-term investors richer, perhaps none has a greater track record than buying into dividend stocks. Apple's range of Mac products is another example of wildly successful Apple products.

The iMac was released in May 1998, with Apple trading in penny stock territory at $7.58. While it didn't have an immediate impact on Apple stock, Apple traded at $9.22—a mere three months later. The stock market reflects all known information as stated by the efficient market hypothesis, processing and assimilating new data rapidly through the mechanism of buying and selling.

The stock market is also forward-looking, which explains why a company's stock may fall, even when reported earnings improve from the previous quarter. Apple's stock history is a stellar example of how this works. Apple uses its cash flow not only to invest in new products but to return capital to shareholders through dividends and buybacks, the latter of which can help keep the stock price stable.

And Bernstein analyst Toni Sacconaghi said in a note to investors earlier this month that he expects Apple to continue repurchasing shares over the next five years. The London Stock Exchange , which has lagged behind its European and US rivals by climbing 14.3% last year, was closed on Monday for the new year bank holiday. The FTSE 100 has been criticised as "old-fashioned" due to its dearth of tech companies and a glut of oil and bank stocks. It remained 6.5% below its May 2018 peak last year while the US, German and French markets all hit record highs. The oil price helped shares in US oil majors Chevron and ExxonMobil climb by 1% each. A few months ago, I ran an analysis on AAPL's performance before and after earnings day.

A bit of a surprise to me, the stock tends to underperform its own two-week average ahead of the earnings release; but then the price tends to spike shortly after the results are published. Apple's 2021 Revenues are projected to jump by a solid 21%, per consensus estimates, likely growing faster than Apple's cost base. Moreover, the full impact of the new iPhone 12 is only likely to be seen in the coming quarters, as production picks up and the devices see full quarters of availability. For perspective, the device went on sale only about 3 to 4 weeks into Q1'FY21, with popular models remaining short-supplied. AlthoughApple stockhas rallied by almost 50% over the last 12 months, it has underperformed year-to-date, rising by just about 13% versus the S&P 500 which was up by almost 17%. The underperformance comes as investors rotated out of pandemic winners such as tech stocks, to more cyclical and value stocks to play the re-opening.

What Will Apple Stock Do Tomorrow Apple, which trades at almost 30x forward earnings, which is above historical levels, has been impacted to a certain extent. That said, if Apple manages to post a solid earnings beat in Q3, we could see the stock gain further. Before we delve into the product lines, it's important to remember a few key points about Apple's stock history. The company's stock trades on the Nasdaq under the ticker symbol AAPL.

As of January 20, 2022, Apple had a market capitalization of $2.84 trillion, closing the trading day at $164.51. Apple earlier this month became the first company to reach a market capitalization of $3 trillion. But with a pullback in Apple stock after hitting that milestone, many investors are wondering if AAPL stock is a buy right now. Alpha Spread's user-friendly platform allows you to estimate a stock's fair value –through valuation multiples, discounted cash flow, and more. I believe that the service is a must for anyone looking to own the right stock at the right price. Check out alphaspread.com and get started with a 7-day free trial.

Looking at a company's business fundamentals is only half the work needed to find a good stock. How much one pays to own the shares is a key factor in the success of any investment. So what could be the financial impact of Apple reducing commissions across the board?

Apple takes a 30% cut on App sales and subscriptions (15% from the second year of subscriptions) and we estimate that total commission revenues stood at almost $20 billion in FY'19 (out of a total of about $46 billion in Services Revenue). If Apple reduced commissions to say 20% from 30%, it would reduced total commissions by about $7 billion to roughly $13 billion. Although the revenue impact would be limited for Apple (under 3% of Apple's Total Revenue) the impact on profits would be more pronounced given that commissions are likely to be almost entirely profit. We estimate that Apple's Operating Income would be about 10% lower if commissions were reduced, considering Apple posted about $64 billion in Operating Income in FY'19. Firstly, Apple's Service business is quite dependent on fees Google pays Apple for being the default search engine on its iDevices (an estimated 20% of Services Revenue, and a larger percentage of profits). Justice Department's antitrust lawsuit against Google could jeopardize these payments, hurting Apple's services growth.

Secondly, Apple is increasingly investing in content production with services such as AppleTV+ and these offerings could also have lower margins. Apple's Services business also saw Gross Margins soar to around 68.4%, an increase of around 400 basis points versus last year. Services Revenue grew by a strong 24% year-over-year, likely enabling better-fixed cost absorption. Apple also likely saw a large percentage of commission-driven revenues such as App sales and subscriptions, which are much more profitable. Apple's operating expenses rose by just about 12% year-over-year compared to total Revenues which expanded by 21% and this was also a factor that drove its Operating Margin gains, in addition to the Gross Profit gains. Microsoft is another company that is positioned to reach the $3 trillion market cap milestone after hitting the $2 trillion mark in mid-2021.

And as for his outlook on Google/Alphabet, Meeks said the opportunity for growth in the digital advertising space in 2022 is what makes Google and tech companies like it more attractive than the likes of Apple. Due to an editor's error, this article previously stated Apple shares need to be at $185 for the company's market cap to hit $3 trillion. The Cupertino-based company has a looming presence in each market—a reputation that can be attributed to the monopoly that the company seemingly has on innovation. The iPhone is, by far, its most profitable product line, raking in $137.8 billion in sales for the 2020 fiscal year.

Apple's services category is the second-highest-grossing segment ($53.8 billion), followed by its wearables, home, and accessories segment ($30.6 billion). Mac products and the iPad category rounded out the group with $28.6 billion and $23.7 billion in sales for 2020. Lufthansa shares rose by almost 8.9% to €6.73 a share, and Air France KLM rose by 4.9% to €4.06.

The Stoxx 600 recorded a 22.4% jump last year, its second-best yearly performance in over a decade, after the global rollout of Covid-19 vaccines and government stimulus spending encouraged investors to pour money back into the markets. Apple became the first US company to be valued at over $3tn on Monday as the tech company continued its phenomenal share price growth, tripling in value in under four years. Here is how Apple stock tends to perform around earnings day, and what potential investors should think about before pushing the "buy" button. Stocks makes it easy to follow your stocks and the market. View quotes and daily performance in a customizable watchlist, and tap any ticker to see an interactive chart and key details. Stocks also includes business news from top publications around the world.

Apple's Product Gross Margins, or the profits it makes after accounting for direct costs related to making its iDevices, computers, and accessories, rose by around 90 basis points year over year to 35.1%. Although we actually expected margins to face pressure on account of higher costs relating to 5G components on the new iPhones, Apple significantly beat our margin expectations, driven by a couple of factors. Firstly, Apple has a certain level of fixed costs in its product cost structures and with the product Revenue soaring by about 21%, it benefited from some leverage gains. Secondly, Apple's product mix has been more favorable than previous quarters, with Apple nudging customers towards "Pro" versions of its devices, which likely have thicker margins. In fact, Apple raised the price of its iPhone 12 versus last year's iPhone 11, making its iPhone 12 Pro models (priced at $1,000 and up) look like better value compared to last year.

Tesla is one of dozens of hot stocks set to announce earnings results over the next few trading days. Let's look at Apple's 2021 to get some context about its recent performance. In its last four quarters, the company has seen its net sales increase by 21%, 54%, 36%, and 29%.

And while much of that was driven by iPhone sales thanks to the release of the 5G-capable iPhone 12 in September 2020, growth across Apple's iPad, Mac, Services, and Wearables businesses has been just as robust. On the other hand, each product had a noticeably positive effect on the stock over a longer period of time. The overarching, long-term view is the one to properly frame your investment decisions on, not day-to-day volatility. Over time, the market mechanism will identify true value in the marketplace. Rely on the wisdom of the masses over the long term, not on the speculators that routinely come and go, thereby letting companies like Apple work for you.

Apple has a looming presence in each of its five markets, which include the iPhone, Mac products, the iPad, services, and its wearables, home, and accessories segment. Emma Wall, head of investment analysis and research at Hargreaves Lansdown, told CNBC's "Squawk Box Europe" on Tuesday that now probably isn't the time for investors to buying Apple or Tesla shares. "Apple is an incredibly positive company in terms of cash flow generation, earnings, market share, profit margins. It's almost ideal when you look at all of those metrics," Armstrong said. Apple's market cap will continue to rise beyond the $3 trillion milestone it hit briefly Monday, according to one chief investment officer, who argued that the stock's valuation is justified. Meanwhile, Apple is facing antitrust scrutiny in the U.S. and Europe for its App Store policies, including its 30% commission fee. In November 2020, Apple cut its commission rate to 15% for small developers, possibly to appease regulators.

But Apple stock trended down in the days after that news. The company released its last quarterly earnings in October and made a profit of $20.6bn over the previous three months despite suffering from Covid-related supply chain issues. Apple alone is now more valuable than the combined values of Boeing, Coca-Cola, Disney, Exxon-Mobil, McDonald's, Netflix and Walmart. Its shares have risen 38% since the beginning of 2021, one of the largest gains on the Dow Jones industrial average stock market index.

Apple stockhas rallied by almost 90% over the last 12 months, driven by growing demand for consumer electronics through Covid-19, anticipation surrounding the 5G iPhones, and Apple's position as a "safe haven" stock. The stock now trades at roughly 30x forward EPS, which is higher compared to historical levels. It's very likely that Apple's Q2 results will determine the near-term trajectory for Apple's stock. Meeks joined Yahoo Finance Live to discuss the latest developments in Apple's valuation, NVIDIA's merger with Arm, and other tech stocks.