Technology Sector Ideas

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High ROIC Stock #4: Apple, Inc. (AAPL) - Return on invested capital: 59.5%


https://www.suredividend.com/high-roic-stocks/


Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today the technology company designs, manufactures and sells products such as iPhones, iPads, Mac, Apple Watch and Apple TV. Apple also has a services business that sells music, apps, and subscriptions.

Apple is the #1 holding of Berkshire Hathaway (BRK.B), making the technology giant one of the top Warren Buffett stocks. Apple is also a top holding of other influential investors, such as Kevin O’Leary.

On February 2nd, 2023, Apple reported Q1 fiscal year 2023 results for the period ending December 31st, 2022 (Apple’s fiscal year ends the last Saturday in September). For the quarter, Apple generated revenue of $117.154 billion, a -5.5% decline compared to Q1 2022. Product sales were down -7.7%, driven by an -8.2% decline in iPhones (56% of total sales). Service sales increased 6.4% to $20.8 billion and made up 17.7% of all sales in the quarter. Net income equaled $29.998 billion or $1.88 per share compared to $34.630 billion or $2.10 per share in Q1 2022.

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