(NASDAQ: AAPL) has been the world's most valuable public company since 2011 when it had a market capitalization of just under $340 billion. Fast forward to today, and Apple's market cap is just under $3 trillion. Needless to say, it has made some happy and wealthy investors along the way.
Regardless of Apple's generational success, that doesn't automatically make the stock a buy right now; it's all about the future. However, I believe Apple is well-positioned to continue returning good shareholder value. Here are three reasons why.
The smartphone market has been in a slump for the past couple of years. It wasn't until October 2023, when the global smartphone market grew 5% year over year, that it reversed course from the previous 27 months.
Source Fool.com