Apple Inc. (NASDAQ: AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California.
- Market Cap: 2.39 Trillion
- PE Ratio: 24.68
- EPS: 6.12
- Dividend Yield: 0.63%
Apple, which is the most valuable company in the world, has the most cash reserves in America right now. Apple has been among the biggest companies in the world for a long time, but it was really the success of the iPhone which launched the company into stratosphere and has ensured that it is by far the most valuable brand in the world right now. While Apple has healthy cash and bank balances, its biggest cash reserves are actually though marketable securities. Per latest quarter, Apple has a total cash (cash equivalents and marketable securities of the company) of 95,571 billion dollars.
Therefore, Apple is the best stock to own for long term investors.