"Apple Inc. ( NASDAQ: AAPL) has long attracted students and tech-minded users with its ergonomic approach to computing and communications. Its popularity soared in the 1990s, and even the Tom Hanks movie Forrest Gump referenced its high-growth stock. Back in 2018, Apple made financial history by becoming the first U.S. company to reach a $1 trillion market cap. Millions of iPhones, MacBooks, iPods, and other Apple products have developed fiercely loyal followings, especially in creative fields like music and video production, graphic design, and many other industries."
"As one of the Magnificent 7 tech stocks, Apple has been a solid industry leader since its late founder, Steve Jobs, passed the helm to then-COO Tim Cook in 2011. The company has since been a ubiquitous success story, with even the notoriously Luddite-prone Warren Buffett buying its stock for a time. However, investors are much more concerned with future stock performance over the next one, five, to 10 years. While most Wall Street analysts calculate 12-month forward projections, it is clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near-term projections irrelevant. 24/7 Wall St. aims to present some farther-looking insights based on Apple's own numbers, along with business and market development information that may be of help to our readers' own research."
"The U.S. Department of Justice filed an antitrust lawsuit against Apple, alleging it blocks "super" apps, suppresses mobile cloud streaming services, blocks cross-platform messaging apps, limits third-party digital wallets, and limits how well third-party smartwatches work on its platforms. In late June, Apple lost a bid to dismiss that lawsuit."
Apple achieved major consumer and financial milestones, including becoming the first U.S. company to reach a $1 trillion market capitalization and building fiercely loyal user bases for products like the iPhone, MacBook, and iPod. Leadership transitioned from Steve Jobs to Tim Cook in 2011, and the company has been a core holding among major tech investors. Investor focus centers on multi-year stock performance amid uncertain forecasts. Apple faces regulatory and competitive pressures, including a U.S. Department of Justice antitrust lawsuit alleging restrictions on apps, wallets, messaging, streaming, and third-party device interoperability.
Read at 24/7 Wall St.
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