Apple (AAPL) is one of the most popular and valuable companies in the world, with a market capitalization of over $2.7 trillion as of October 2023. The company is known for its innovative products and services, such as the iPhone, iPad, Mac, Apple Watch, AirPods, Apple TV, and more. Apple also has a loyal customer base and a strong brand reputation, which give it a competitive edge in the global market.
But how can you invest in Apple stock and make a profit in 2023? In this article, we will explain how to buy and sell AAPL on eToro, one of the leading online trading platforms that offers a wide range of assets, including stocks, cryptocurrencies, ETFs, and more. We will also provide some tips and insights on how to analyze Apple’s stock price and performance, and what factors to consider before making a trading decision.
Understanding Apple Stock Price and Performance
Before you invest in Apple stock, it is important to understand how the company’s stock price and performance are influenced by various factors. Here are some key points to consider:
- Historical stock price: Apple’s stock price has been on a remarkable growth trajectory over the past decade, rising from around $10 in 2011 to over $180 in 2023. The company has also split its stock five times since its initial public offering in 1980, most recently in August 2020 on a four-for-one basis. This means that for every share of AAPL you owned before the split, you received four shares after the split. Stock splits are usually done to make the shares more affordable and attractive to investors.
- Major influences on stock price: Apple’s stock price is affected by various factors, such as its earnings reports, product launches, market trends, consumer demand, competition, innovation, regulation, and more. For example, positive earnings results or new product announcements can boost investor confidence and drive the stock price higher. On the other hand, negative news or events, such as supply chain disruptions, legal disputes, or security breaches can hurt the company’s reputation and lower the stock price.
Investing in Apple Stock on eToro
If you want to invest in Apple stock, one of the best platforms to use is eToro. eToro is an online trading platform that offers many benefits and features for traders and investors of all levels. Here are some of the reasons why you should choose eToro to buy and sell AAPL:
- Benefits of buying on eToro:
- You can buy AAPL with zero commission fees and no hidden charges.
- You can trade AAPL with or without leverage, depending on your risk appetite and strategy.
- You can access a variety of tools and resources to help you analyze AAPL’s performance and market sentiment.
- You can join a community of over 30 million traders and investors from more than 100 countries.
- You can use the social trading feature to follow and copy other successful traders who trade AAPL or other assets.
- You can diversify your portfolio by investing in other assets, such as cryptocurrencies, ETFs, commodities, indices, and more.
- Step-by-step guide to buying AAPL:
- To buy AAPL on eToro, you need to create an account on the platform. You can sign up with your email address or use your Facebook or Google account.
- After creating your account, you need to verify your identity and address by uploading some documents. This is required by law and ensures your safety and security on the platform.
- Next, you need to deposit some funds into your account. You can use various payment methods, such as credit/debit cards, PayPal, Skrill, Neteller, bank transfer, etc. The minimum deposit amount is $200 for most countries.
- Once you have funded your account, you can start trading AAPL. To do so, go to the search bar at the top of the page and type “AAPL” or “Apple”. Then click on the “Trade” button next to the stock name.
- A pop-up window will appear where you can enter your order details. You can choose whether you want to buy or sell AAPL (long or short position), how much you want to invest (in dollars or units), whether you want to apply leverage (up to x5 for stocks), and whether you want to set stop loss or take profit orders (to limit your losses or lock in your profits).
- After entering your order details, click on “Open Trade” to execute your order. You can monitor your position on the “Portfolio” page and close it whenever you want.
Latest News and Updates on Apple Stock
To make informed trading decisions, you need to stay updated on the latest news and updates on Apple stock. Here are some of the sources and methods you can use to get relevant and reliable information:
- Market trends and analysis: You can use eToro’s tools and resources to analyze AAPL’s performance and market sentiment. For example, you can use the charting tool to view AAPL’s price movements and technical indicators, the news feed to see what other traders and investors are saying about AAPL, the stats page to see AAPL’s key financial data and ratios, and the research tab to access professional market analysis and reports on AAPL.
- How to stay informed: You can also use other sources and methods to stay informed on AAPL. For example, you can follow Apple’s official website, social media accounts, and press releases to get the latest updates on the company’s products, services, events, and earnings. You can also follow reputable financial media outlets, such as Bloomberg, CNBC, The Wall Street Journal, etc., to get the latest news and analysis on AAPL and the tech industry. You can also subscribe to newsletters, podcasts, blogs, or YouTube channels that cover AAPL or the stock market in general.
Tips for Profitable Trading in 2023
If you want to trade AAPL profitably in 2023, you need to have a clear strategy and plan. Here are some tips and insights that can help you achieve your trading goals:
- Expert predictions for AAPL: According to analysts’ consensus, the average price target for AAPL is $198 as of October 2023, which implies a 10.7% upside potential from the current price of $178.85. The highest price target is $225, while the lowest is $160. The majority of analysts rate AAPL as a buy or a strong buy.
- Factors to consider before buying/selling: Before you buy or sell AAPL, you need to consider various factors that can affect its price and performance. Some of these factors are:
- Apple’s earnings reports: Apple usually releases its quarterly earnings reports in January, April, July, and October. These reports provide important information on the company’s revenue, earnings, margins, guidance, and outlook. Positive earnings results can boost the stock price, while negative earnings results can lower it.
- Apple’s product launches: Apple usually launches new products or updates in September or October. These products include new versions of the iPhone, iPad, Mac, Apple Watch, AirPods, etc. New product launches can increase consumer demand and sales, while disappointing product launches can reduce them.
- Market trends: Apple’s stock price is also influenced by broader market trends and conditions. For example, rising interest rates, inflation, or geopolitical tensions can hurt investor sentiment and cause market volatility. On the other hand, economic recovery, stimulus measures, or vaccine rollouts can improve investor confidence and support market growth.
- Risk management strategies: Trading AAPL involves risks as well as rewards. Therefore, you need to have a risk management strategy to protect your capital and minimize your losses. Some of the risk management strategies you can use are:
- Stop loss orders: A stop loss order is an order that automatically closes your position when the price reaches a certain level that you set. This way, you can limit your losses if the price moves against your direction.
- Take profit orders: A take profit order is an order that automatically closes your position when the price reaches a certain level that you set. This way, you can lock in your profits if the price moves in your favor.
- Diversification: Diversification is a strategy that involves investing in different assets or markets that are not correlated with each other. This way, you can reduce your exposure to specific risks and increase your chances of making profits.
Apple is one of the most popular and valuable companies in the world, with a loyal customer base and a strong brand reputation. The company offers innovative products and services that appeal to consumers worldwide.
If you want to invest in Apple stock in 2023, one of the best platforms to use is eToro. eToro offers many benefits and features for traders and investors of all levels. You can buy AAPL with zero commission fees and no hidden charges. You can trade AAPL with or without leverage depending on your risk appetite and strategy. You can access a variety of tools and resources to help you analyze AAPL’s performance and market sentiment. You can join a community of over 30 million traders and investors from more than 100 countries. You can use the social trading feature to follow and copy other successful traders who trade AAPL or other assets.