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Apple Inc. (NASDAQ:AAPL) designs, manufactures and sells smartphones, personal computers, tablets, wearables and accessories worldwide. It is the largest company in the world with a market capitalization of $3.51 trillion.
The company will report its fourth-quarter 2024 earnings on October 31. Wall Street analysts expect the tech giant to post earnings per share of $1.60, compared to $1.46 in the same period a year ago. According to Benzinga Pro, quarterly revenue is expected to reach $94.41 billion, up from $89.50 billion last year.
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If you bought Apple stock 10 years ago
The company’s stock traded at about $24.69 per share a decade ago. If you had invested $10,000, you could have bought about 405 shares. Currently, shares are trading at $231.30, which means the value of your investment could have risen to $93,682 just from the share price increase. However, Apple has also consistently paid dividends over the past decade.
Apple’s dividend yield currently stands at 0.43%. Over the past ten years, it has paid out about $19.13 in dividends per share, meaning you could have earned $7,748 from dividends alone.
If we add €93,682 and €7,748 together, we arrive at the final value of your investment, namely €101,430. Here’s how much you could have made if you invested $10,000 in Apple stock ten years ago. This means a total return of 914.3%. By comparison, the S&P 500’s total return over the same period is 257.58%.
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What can the next twenty years bring?
Apple has a consensus rating of ‘Buy’ and a price target of $243.34, based on the ratings of 30 analysts. The price target implies a potential upside of more than 5% from the current share price.
On August 1, the company reported its third-quarter 2024 earnings, with earnings per share of $1.40 compared to the consensus estimate of $1.35 and revenue of $85.80 billion compared to the consensus of $84.531 billion, as reported by Benzinga.
The company set a new sales record for its iPhone this quarter, coinciding with a broader recovery in the global smartphone market. Overall, the global smartphone market experienced 5% year-over-year growth in the third quarter of 2024, marking the fourth consecutive quarter of expansion.
Two reasons to jump into Apple stock now and one reason to think twice. Check out this article from Benzinga for more information.
Given the historic rise in stock prices and expected upside potential, growth-oriented investors may find Apple stock attractive. Additionally, they can benefit from the company’s modest dividend yield of 0.43% and consistent increases. Apple has increased its dividend consecutively for the past twelve years.
Wondering if your investments could earn you a $5,000,000 nest egg? Talk to a financial advisor today. SmartAsset’s free tool matches you with up to three vetted financial advisors serving your region, and you can interview your advisors for free to decide which one is right for you.
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This article If You Invested $10,000 in Apple Stock Ten Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com
