Apple Inc. Share is it buy, Sell or Avoid.
After the latest fall in Apple share price is Apple Inc. share is buy or avoid. Today in the blog I will discuss what as investor I feel about Apple Inc share.
Apple Inc. - Brief history.
Apple Inc is formed by Steve Jobs and Steve Wozniak in 1976. Apple computer I was launched in 1976. The time line of events in Apple Inc is :
Apple Inc Financial Results
(1) Financial Results till December 2020.
Apple Inc has grown to the one of largest billion dollar company. Steve Job left the company in 1993 and rejoined in 1997. The constant new innovation in iPod, iPhone and MacBook brought the Apple Inc to today level.
(1) Financial Results from December 2020 to June 2022.
In the year 2021 the Apple Inc has made a record sale in iPhones, MacBook and all other items. Touched the record net income of $94.68 billion. In the first two quarter of 2022 Apple achieved a net profit of $44.45 billion.
Is Apple Inc. Share is a buy in October 2022 ?
Apple Inc is the heavy weight in almost in all major index in New York Stock Exchange. Apple Inc is at $140 , 23% down from all time high $182.90 all time high. Apple Inc has been a wealth creator for his share investor. It was issued to public at $22 in 1980 and is not split then would have been appx $1800.
The weightage of Apple Inc in
- Nasdaq 100 is 13.304%.
- S&P 500 is 7.3%.
- Invesco QQQ ETF holding is 14.01%.
Apple Inc share price analysis.
Our analysis of stock price shows that Apple Inc can fall till the level of around $110. Which is a further price correction of apprx. $30 or around 21.5%. If someone wants to invest in Apple Inc he/she can start investing in stock on almost every 5% fall from current level.
Conclusion.
Apple Inc is one of the largest company in terms of market capitalization. Apple is able to identify the upcoming need of technology by people at very early stage and produced the product as people think they need. History has shown that Apple Inc has always rewarded its investors in long term. If some one would have invested in IPO at $22 then today considering if he has not sold the stocks he has after all splits/bonus would worth $1800. The fear of recession in US economy is an opportunity for investors to enter into good stocks like Apple Inc.
As the Dow Jones and Nasdaq are at two year low. This correction of around 21% is an opportunity for the investor who can take risk of further 10% to 15% correction to enter into market any buy as per there research.
The stock prices are attractive BUT STOCK INVESTMENT IS A RISKY INVESTMENT. We recommend all investors to do there own research before investing a single cent into the market.
