1 Metric Highlights Why Apple Stock Is a Buy
After a huge run-up in Apple's (NASDAQ: AAPL) stock price over the past year, the company now has a market capitalization of about $1.5 trillion. As the most valuable publicly traded company in the world, it's likely difficult for investors to imagine shares appreciating meaningfully from here. But one massive figure highlights the incredible value of the company's growing base of active devices across the world and may prompt some investors to have a more bullish view for the company over the long haul. In 2019 alone, Apple's App Store ecosystem supported over half of a trillion dollars in commerce, the company said in a press release Monday afternoon.
Here's why this figure bolsters the bull case for Apple stock.
Apple senior vice president of software engineering, Craig Federighi. Image source: Apple.
Source Fool.com
