Articles

Reasons to Buy Apple Stock in 2023

by Andrew R. Researcher

Apple (NASDAQ: AAPL), with a market valuation of over $2.3 trillion, is the most valuable public business in the world despite being down over 18% year to date (as of Nov. 15). That surpasses the combined value of Alphabet and Amazon, for comparison. Apple's success is well-deserved; it didn't just happen.

Apple is a force to be reckoned with because to its top-notch goods and unparalleled brand devotion. Here are three reasons why you ought to invest because of Apple stock price in 2023 and keep it forever.

1. Apple is beginning to participate in the banking sector.

When it unveiled Apple Pay in 2014, Apple entered the financial services industry for the first time. People now have the option to pay using their phones thanks to Apple Pay. Apple is in a great position to exploit its immense tech strength to dominate the rapidly expanding financial technology (fintech) sector now that it can offer financial services directly to customers. By 2030, the worldwide fintech market, which was little over $115 billion in 2021, is anticipated to have grown to more than $936 billion. Apple probably hopes to get a sizable piece of that pie.

2. Streaming is progressing favorably.

Apple TV+, the firm's streaming service, definitely behind platforms like Netflix, Hulu, and Disney+, but as the business devotes more resources to the platform, things should get better. Apple and Major League Soccer (MLS), the soccer league with the highest rate of growth in the world, announced in June that they had reached an agreement to stream all MLS games.

A major American sports league hasn't switched all of its games to a streaming platform until the $2.5 billion MLS pact. Additionally, there will be no limits or local blackouts, which is a first in the history of significant professional sports. It's a move that demonstrates Apple is getting more serious about investing in order to up its game in the streaming market.

When will Apple TV+ reach the top three streaming services? It is unlikely to occur in the near future. But you can guarantee that it will keep expanding and gradually start to take market share.

3. It's an undeniable money maker.

Apple managed to generate $394.3 billion in sales for its fiscal year 2022 (up 8% year over year), and a record $90.1 billion in only the fourth quarter (up 8% year over year) despite a year marked by high inflation and economic unease. By market capitalization, Visa, the tenth-largest U.S. firm, earned $29.3 billion during its fiscal year.

Apple is a cash cow without a doubt, and there's no reason to think its growth will slow down in the future. Apple has more cash on hand than many of the S&P 500 firms are worth.


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About Andrew R. Junior   Researcher

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Joined APSense since, February 13th, 2020, From California, United States.

Created on Nov 23rd 2022 02:19. Viewed 3,484 times.

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