Why Apple Stock Gained 30% Last Year

Based on nothing more than the numbers, shares of consumer-technology titan Apple (NASDAQ: AAPL) should have barely budged in 2024. The top line only improved to the tune of 2% for the fiscal year ending in September, while net income fell more than 3% year over year. Notably, sales of its breadwinning iPhone floundered as measured by revenue or by shipments of units, extending years' worth of lethargy.Yet, there it is. Data from S&P Global Market Intelligence indicates Apple stock rallied 30% during the 12-month stretch ending in December, extending 2023's recovery from 2022's bear market lull. What gives?In simplest terms, the company's setting the stage for a (very) bright future.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool