At a monstrous $3.2 trillion market cap, (NASDAQ: AAPL) is currently the second-most valuable business on the face of the planet. This was propelled more recently by a stock price that has soared 62% in just the last three years (as of June 21), a gain that more than doubles the rise of the Nasdaq Composite Index.

Apple is a dominant company with many compelling qualities. But where will this "Magnificent Seven" stock be in three years?

Even though it's been 17 years since the introduction of the iPhone, arguably the most successful hardware launch in the history of business, this product line is still incredibly important to Apple's success. During the second quarter of 2024 (ended March 30), iPhone sales represented 51% of the company's total sales.

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Source Fool.com