How to Invest in Apple Stock Online| North Loop Official Blog
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North Loop
30 Sep 2020

How to Invest in Apple Stock Online

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Apple Inc. is one of the big tech companies with a market capitalisation of around $1.9 trillion. It is one of the most valuable publicly traded companies in the world that offers high-quality products with superior design and unparalleled customer services to influence millions of people worldwide.

In its third-quarter results, Apple reported quarterly revenue of $59.7 billion and quarterly diluted EPS (earnings per share) of $2.58. Both its revenue and EPS posted an increase of 11% and 18% respectively.

Its international sales accounted for 60% of its third-quarter revenue, and with approximately 185.2 million smartphones getting shipped in AY 2020-21, it provided strong evidence of its ability to innovate and execute even during a global crisis.

The apple stock price today is $114.09, and its historical data, company financials and analysis suggest that the Apple stock price can continue to rise further.

Answer to “should I buy Apple stock”?

If “should I buy Apple stock” is what you are wondering right now, then you must read the following points to understand why many analysts are in favour of buying this stock –

Growth of service segment – The revenue from digital sales, subscriptions, and advertising or other services like AppleTV+, iCloud, AppleCare, licensing etc. have increased tremendously in the recent times and it has become Apple’s second-largest segment. Its services revenue has risen 17% YoY to around $13.16 billion and continues to grow with time.

Network-effect – Apple has built a network effect wherein it can deploy new software and services to billions of active iPhone users and other devices to create a continual cycle of consumer interest. That gives it a long-term competitive advantage and many investors are in favour of this.

Historical data – The apple stock price today is $114.09, and it went to an all-time high of $134.18 on September 1, 2020. The average Apple stock price for the last 52 weeks has been $81.26, the apple share price 52-week high has been $137.98 (20.9% above the current share price,) and the apple share price 52-week low has been $53.15 (53.4% below the current share price). Analysts find these figures quite promising and some have forecasted that the apple share price today of $114.09 might increase +9.55% in the next 12 months.

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How to invest in Apple online?

If you are wondering how to invest in Apple, you can follow the steps below:

Find an investment platform: Look for a broker who has access to the NASDAQ and meets your requirements. You should pay special attention to factors such as the broker’s fees, access to a trading platform, trade markets and the ease of opening an account as they are vital when selecting a broker to invest Apple stock.

To invest Apple stock online, you should choose an online platform like North Loop. You can easily open an account on it and begin investing by yourself or with the help of a skilled financial advisor. It also offers quality customer service and a user-friendly interface.

Open a brokerage account: Once you have selected the broker, you must open a brokerage account with them. A brokerage account enables you to trade stocks.

Deposit money in your account: Before beginning your investing journey, you have to deposit money into your brokerage account once you have opened it. To do so, you can use various modes of payment to do so like bank transfer, debit card, credit card etc.

Buy the Apple share: After opening your account and depositing the money, you can log into your account, search for Apple shares, select the numbers you want and click on Buy.

If you are an NRI, you should be aware of the Liberalised Remittance Scheme (LRS) under the Foreign Exchange Management Act, 1999 (FEMA). Under the LRS, you can freely remit up to USD 250000 per financial year for any permissible current or capital account transaction or a combination of both. If you invest in say Apple, it gets considered as a capital account transaction, and you will not need to repatriate the accrued interest or dividends on the deposits and investments made in the US. That means the dividends earned on your investments can remain retained abroad.

How to invest in Apple shares through North Loop –

Download the App from App store/Play store
Sign up on North Loop
Open an account on the App
Deposit money into your account
Start investing!
(You can even opt to invest in fractional shares)

Conclusion –

If you opt for a digital service provider like North Loop, you can invest in Apple stock online without any difficulty. Also, since the financial market is vast, a considerable amount of research and experience is required. So, you should choose a platform that provides you not only with convenience, portfolio diversification and quality customer service but also access to professional advice wherever needed.

The above information is for general purposes only. We recommended doing your own research before investing.

To invest online in Apple stock with North Loop, sign up here.

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.