One of the greatest investment opportunities to consider is Apple (AAPL).
Granted, it’s a $425 stock at the moment, but it’s well worth buying now. For one, its earnings were far better than expectations.
EPS of $2.58 was better than estimates for $2.04.
Revenue of $59.69 billion beat estimates for $52.25 billion. iPhone revenue soared to $26.42 billion, as compared to estimate for $22.37 billion. Services revenue jumped to $13.16 billion, as compared to expectations for $13.18 billion.
“Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,” said Tim Cook, Apple’s CEO. “In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation. This is a challenging moment for our communities, and, from Apple’s new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neutral by 2030, we’re living the principle that what we make and do should create opportunity and leave the world better than we found it.”
Two, Apple just declared a dividend of 82 cents payable on August 13 to shareholders of record at the close of business on August 10.
And three, the best reason to consider Apple now is the upcoming 4:1 stock split.
“This is Apple’s fifth stock split since it went public. It also split on a 7-for-1 basis on June 9, 2014; a 2-for-1 basis on February 28, 2005; a 2-for-1 basis on June 21, 2000; and on a 2-for-1 basis on June 16, 1987,” said CNBC.
Shares of Apple last traded at $425 after gaining $40 on Friday.