Whether you’re an avid investor or you’re new to trading, Apple could be an option to consider. Below, we’ve put together just some of the reasons why you should think about investing in APPL stock this year…
Continued growth
Apple continues to report record growth periods across its portfolio. Last month, the company Apple announced financial results for its fiscal 2021 third quarter which ended on June 26, 2021. The firm posted a June quarter record revenue of $81.4 billion, up 36% year over year, and quarterly earnings per diluted share of $1.30. As an investor, news like this is something to celebrate – and certainly makes APPL stock appear more attractive.
A stellar quarter ahead
Now could be the perfect time to invest in APPL stock. Not only has Apple continued to grow during the COVID-19 pandemic, but it’s set for perhaps one of its biggest quarters on record. In the coming months, the Cupertino company is set to drop the next version of its AirPods product, AirPods 3, alongside an Apple Watch Series 7, the iPhone 13 range, new iPads, and the long-awaited redesign of the MacBook Pro range featuring M1X chips.
Buy into a company you love
Another reason for adding APPL stock to your portfolio is that you get to buy a small slice of your favourite company. If you’re an Apple fan, there’s something super satisfying about watching your stock grow and knowing that whenever Tim Cook and Co head to the stage at an Apple event, you’re going to get a little bit richer!
The rise of services
Finally, don’t underestimate the power of Apple’s new services arm. Whilst Apple Arcade, Apple News+ and Apple TV+ might not be the billion-dollar services we hoped they would be just yet, there’s no denying that the company is pouring masses of resources into these areas as part of the Apple One subscription bundle. Plus, as shows like Ted Lasso grow in popularity, and with returning titles like The Morning Show set to return for their second seasons soon, Apple could soon rival Netflix or Disney+ if it plays its cards right – more reasons to invest.
Do you hold Apple stock? Let us know and check back soon for the latest news.
