Apple is an American multinational technology company that specializes in consumer electronics, software, and online services. Its headquarters are located in Cupertino, California, United States. Apple shares are traded on the NASDAQ stock exchange under the symbol AAPL. The company is part of four major indices in the market, including the NASDAQ 100, the S&P 100, the S&P 500, and the Dow Jones Industrial Average.
Investing in Apple shares on the NASDAQ stock exchange means that you actually own a stock of the company. Apple is also facing competition from Google in the smartphone market, as Apple's iOS and Google's Android compete as operating systems for smartphones. The key difference between trading Apple through a long CFD position and buying a security is the leverage that is used. As with any stock, quarterly earnings announcements and the overall financial performance of the stock market are two crucial factors to consider when deciding the performance of Apple shares.
Apple's stock price is mainly affected by sales of the iPhone, since this is the company's biggest revenue generator, but also by sales of iPad and Mac (which together account for almost 20% of revenues). As one of the global leaders in the technology industry, Apple faces competition from tech giants such as Amazon, Facebook, and Google. Along with Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Alphabet's Google (GOOGL), Apple forms the FAANG group, an entity that represents five of the most popular and best-performing American technology firms. Apple's famous products include the iPhone, iPad, iMac, iPod, Apple Watch, Apple TV, and iOS software.
Over the next decade, Apple excelled with inventions such as Mac OS X operating system, iPod, iPhone, and iPad. By 2004's end, ten million devices were sold and Apple shares increased more than threefold since their initial launch. Four years prior to this success was the launch of their first personal computer that was sold without a programming language; thus began their successful Macintosh range. The stock market information provided is for informational purposes only and not for commercial purposes.
Over time, Apple has grown to become one of the world's most valuable companies by market capitalization and largest by revenue. Still, investors believe that the impact on Apple's finances will be temporary; they anticipate an increase in demand once the coronavirus outbreak subsides.