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Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It is the largest company in the world with a market cap of $3.51 trillion.
It is set to report its Q4 2024 earnings on October 31. Wall Street analysts expect the tech giant to post an EPS of $1.60, up from $1.46 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $94.41 billion up from $89.50 billion in the previous year.
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The company's stock traded at approximately $24.69 per share 10 years ago. If you had invested $10,000, you could have bought roughly 405 shares. Currently, shares trade at $231.30, meaning your investment's value could have surged to $93,682 from stock price appreciation alone. However, Apple also consistently paid dividends during the past 10 years.
Apple's dividend yield is currently 0.43%. Over the last 10 years, it has paid about $19.13 in dividends per share, which means you could have made $7,748 from dividends alone.
Summing up $93,682 and $7,748, we end up with the final value of your investment, which is $101,430. This is how much you could have made if you had invested $10,000 in Apple stock 10 years ago. This means a total return of 914.3%. In comparison, S&P 500 total return for the same period is 257.58%.
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What Could The Next 20 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 more than a 5% potential upside from the current stock price.
On Aug. 1, the company reported its Q3 2024 earnings, posting an EPS of $1.40 compared to the consensus estimate of $1.35 and revenues 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 during the quarter, coinciding with a broader recovery in the global smartphone market. Overall, the global smartphone market experienced a 5% year-over-year growth in Q3 2024, marking the fourth consecutive quarter of expansion.
Two reasons to jump on Apple stock now and one reason to think twice. Check out this article by Benzinga to learn more.
Given the historical stock price appreciation and expected upside potential, growth-focused investors may find Apple stock attractive. In addition, they can benefit from the company's modest dividend yield of 0.43% and consistent hikes. Apple has raised its dividend consecutively for the last 12 years.
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This article If You Invested $10,000 In Apple Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com