If you did not know Apple is the most valuable company in the world, and they only continue to get bigger, they grew sales by 54% compared to this time last year. Here are some of the other statistics from APPLE's Q2.
Revenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-year
iPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-year
Services revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over year
Other Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-year
Mac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-year
iPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-year
So what does this mean for you, Apple is up 476% over the past 5yrs. That is a 95% return on your investment which means your money is almost doubling every year. Apple has also increased its dividend to 22 cents. So you get growth & a dividend with this stock.
Will you be adding APPLE to your portfolio?
