Apple Inc (NASDAQ:AAPL) is up 14% in the past year and with earnings coming up that figure could rise. The tech company is expected to release its quarterly results at the start of May and Apple has a good track record for beating earnings expectations.
For seven straight quarters, Apple has come out above what analysts have projected for the company. You have to go back more than two years for the last time the company missed expectations. Although in its last earnings report the stock dropped in price, more often than not, over the past two years Apple’s stock has gotten a boost from its strong quarterly results.
Although the company may no longer be leading the way in terms of innovation, the mature brand has evolved into a much safer stock, and one that can be a great investment that will produce stable and strong returns for years to come.
At a price-to-earnings ratio of just 16, Apple is modestly priced for a tech stock, even though it has not seen the explosive sales growth that it did in its earlier days.
The company is also a trusted brand among its users and especially as we see data and privacy scandals run rampant, Apple’s strong image in the industry is going to make it easy for investors to decide to put their money into the company. It’s a testament to Apple’s strong governance that it has not been involved in some of the scandals that we’ve seen other companies face.
Tech Insider
