As of mid-October 2024, shares are trading at $231.30, reflecting significant appreciation in investment value.

The company has an installed base of over 2.2 billion devices, which is crucial for future revenue growth, particularly in its high-margin services segment.

The upcoming earnings report, scheduled for October 31, 2024, is highly anticipated and could significantly impact stock performance.

In the last twelve months, Apple reported a revenue of $385.6 billion and a net income of $101.96 billion, resulting in a diluted earnings per share (EPS) of $6.58.

Analysts suggest that beating revenue and earnings expectations in the next quarterly update could lead to a notable rise in Apple's stock price.

Apple Inc., the world's largest company with a market capitalization of $3.51 trillion, specializes in consumer electronics and software, including the iPhone, Mac, iPad, and Apple Watch.

Despite some caution regarding the hype around AI sales, Apple's recent innovations and strong financial performance position the company for continued success.

Recently, Apple launched the iPad Mini featuring the A17 Pro chip and introduced 'Apple Intelligence,' a suite of AI services for select devices.

Technical analysis indicates that Apple's stock is in a strong bullish trend, currently trading near its all-time high and poised for potential future gains.

Long-term prospects for Apple remain strong, driven by its innovative capabilities, expanding user ecosystem, and strong brand recognition.

Apple boasts a strong profit margin of 26.44% and a remarkable return on equity of 160.58%, underscoring its solid financial health.

Although Apple's forward dividend yield is lower than the S&P 500 average, the company has increased dividends by nearly 113% over the past decade, indicating potential for future hikes.