Well, it turns out investors have one less thing to worry about in considering an investment in North America’s largest company. This past week, Apple Inc. (NASDAQ:AAPL) announced its high-priced addition to the iPhone family, the iPhone X, has officially sold out as of the morning of the release for the new smart phone.
The smart phone, which has achieved an average sales price in excess of $1,000 U.S. per phone, has sparked renewed interest in the company’s ability to generate value through pushing price increases through to consumers who seem to be willing to accept the “Apple premium.”
Concerns among some analysts regarding demand for Apple’s product lines has provided the largest headwind for the tech company, with many suggesting the business’ massive free cash flow generation machine may be in need of a tune up in the near to medium-term. While consumers continue to spend at break neck speed and the global economy remains robust, concerns about a global market correction reflecting poorly on Apple’s global portfolio of revenue is something analysts and investors will continue to keep an eye on over the coming quarters.
It appears an investment in Apple at nearly any point in time is a good investment; with an unparalleled ability to create innovation in various consumer goods sectors which have traditionally been difficult to penetrate, and said sectors now giving way to the Apple brand, consumer loyalty and brand devotion from Apple users is likely to provide continued support for the tech giant for years and decades to come.
Invest wisely, my friends.
