Apple Inc. has seen a notable rise in its stock price this year, driven by strong Q4 Fiscal 2024 results. The company reported a 12% increase in adjusted earnings per share to $1.64 and a 6% rise in sales to $94.9 billion. iPhone revenue, which makes up nearly half of Apple's sales, grew by 5.5% to $46.2 billion, while Services revenue increased by 12% to $25 billion. Analysts remain optimistic about Apple's future, particularly with its expanding Services business and AI initiatives.
On Reddit, discussions about Apple are varied, with some users focusing on portfolio diversification and the risks of concentrating investments in a single stock. One user highlighted the importance of diversification, quoting Warren Buffett's view that it protects against ignorance. Another user noted that Apple, along with Nvidia, makes up a significant portion of the S&P 500, suggesting potential growth in their market share. The conversation also touched on the risks and rewards of investing heavily in individual stocks, with some users sharing personal experiences of both success and loss.
As of the current update, Apple Inc.'s stock is priced at $248.8, reflecting a slight increase of 0.27% from the previous close.