why I buy apple ?
Over the past few years, Apple has slowly moved each of its computers to Apple Silicon chips, with devices such as the MacBook Pro, MacBook Air, Mac Mini, and 24-inch iMac already making the move. However, consumers are still anticipating Apple Silicon versions of a beefier Mac Mini, a larger iMac, and a Mac Pro. And rumors have also swirled that a 15-inch MacBook Air could be announced later this year.
Apple has already enjoyed significant revenue boosts from the introduction of Apple Silicon, and completing the transition in 2023 with the release of these final products is an excellent reason to invest in the company this year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
I hold Apple shares for long term as I like its strong fundamentals, that includes a huge base of die-hard fans, rendering the iPhone maker high pricing power. With its sticky products and services as well as huge cash pile, if I’ve to select only one company best able to weather a recession and inflationary economy without resorting to higher borrowing to fund its continual innovations, it will have to be Apple. With its size, Apple also wields great bargaining power against its suppliers.
Apple is by far the only company whose market capitalisation had crossed $3 trillion. I believe that it is only a matter of time before the stock regains its past glory.