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smartphone marketThe Motley Fool
•81% Informative
Since its IPO in 1980 , Apple has delivered gains of 225,071% .
Apple soared 792% over the past 10 years , more than four and a half times the return of the S&P 500.
Apple 's growth has come as the company has captured an ever-increasing share of the smartphone market.
Apple is expected to unveil the first iPhone featuring generative AI capabilities next week .
Earlier this year , Apple revealed there were 2.2 billion active devices in the world, including an estimated 1.4 billion iPhones .
A compelling new AI-powered iPhone could be the catalyst for a significant upgrade cycle.
Apple is currently selling for a premium at roughly 33 times earnings, but given its track record of growth, I'd argue it's deserved.
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