A Look Into Apple Stock: 2nd Largest Company In The World

Apple is a well-known technology brand all over the world. Apple is a technology company that designs, manufactures & sells consumer electronics, computer software & online services. They sell iPhones, iPads, Macs, Apple Watches, Vision Pros, Apple TV & online services like iTunes, iCloud, Apple Music & Apple TV+, etc. They sell almost every online service & every electronic device that people need.

Who invented the Apple company & who is the CEO now?

From 2011 to 2024 Apple became the world’s largest company by market capitalization & nowadays Apple is the 2^nd largest one. The company was founded in 1976 by three co-founders, Steve Jobs, Steve Wozniak & Ronald Wayne. Tim Cook is the current CEO of the company & he has added too much value to the company over the past few years.

What is the revenue & net profit of the company?

The company has increased its revenue year after year. From $274.5 billion in 2020 to $365.8 billion in 2021 to $394.3 billion in 2022 to $383.2 billion in 2023. The net profit of the company also increased from $57 billion in 2020 to $100 billion in 2023. Each & every year Apple launches new versions of Apple products & customers are willing to buy the latest version of the Apple product, no matter what the price is. That is why Apple makes such a big income.

What is the financial position of the company?

When we look into the asset growth of the company, Apple has increased its asset position from $323 billion in 2020 to $352 billion in 2023. Shareholders’ equity is currently at the $62 billion level. 

As investors describe Apple is a cash cow stock. Apple is generating billions of cash for its shareholders. The free cash flow of the company is $100 billion in 2023. For the date of 30^th September 2023, Apple has cash of $30.7 billion. Even though the economy hits some recession periods Apple has the strength to survive under those situations with such strong financial positions.

How much price does AAPL stock trade?

AAPL stock currently trades at $186 & EPS for the last financial year is $6.43 per share & PE of 29.

Who owns the Apple company?

The biggest institutional shareholder of Apple is Vanguard Group which owns 1.3 billion shares & Warren Buffet’s investing firm Berkshire Hathaway is the 3^rd largest shareholder of the company. Berkshire Hathaway’s largest share position is Apple stock which 50% of the total portfolio is in AAPL stock. The biggest individual shareholder is Arthur Levinson who owns 4.5 million shares.