AAPL

AAPL is the stock symbol on the Nasdaq exchange for Apple Inc. Founded on April 1, 1976, by Steve Jobs and Steve Wozniak, Apple Computers, Inc. has become the world’s biggest company by market capitalisation in 2022 and the largest tech company by revenue.

 

Apple became the first publicly traded US company valued at over USD 1 trillion in August 2018. A year later, it reached USD 2 trillion. In January 2022, it was valued at USD 3 trillion.

 

Aside from advancing mobile and computer technology to new levels, Apple also has an engaged community of devoted and loyal fans, making AAPL more appealing to investors.

The stock price of AAPL tends to be volatile because of these factors:

 

• Positive quarterly and annual reports can cause the charts to go green, while losses spell red for the charts.


• Apple is known for spending the most on repurchasing its own shares. Stock buybacks, while a healthy indicator that the company is flush with cash, affects the general supply of the shares, driving up the share price.


• Apple releases a new iPhone almost annually. Keep an eye out for product launches as tens of thousands of loyal Apple fans around the world line up in front of stores boosting sales to historical numbers.


• Negative media coverage about Apple means the stock price takes a hit. Recently, it has been under fire on concerns about customer privacy issues and workforce conditions.