Could Apple Be a Millionaire Maker Stock?
Apple's (NASDAQ: AAPL) stock has rallied more than 10,000% over the past two decades as iPods, iMacs, iPhones, iPads, and other new products breathed fresh life into the aging tech giant. That resurgence can be attributed to co-founder Steve Jobs, who returned as Apple's CEO in 1997 and disrupted the digital music, smartphone, and tablet markets with sleek, easy-to-use products.
Customers lined up to pay a premium for those products, and Apple locked them into its walled garden with its App Store and other software services. Jobs passed away in 2011, but Apple's stock has risen more than 500% since then as CEO Tim Cook upgraded Jobs' core products, introduced new devices like the Apple Watch, and expanded the company's software ecosystem with new services like Apple Pay, Apple Music, Apple Arcade, and Apple TV+.
Image source: Apple.
Source Fool.com
