This article will guide you on how to buy Apple shares in India.
Founded in 1976 by Steve Jobs and two of his partners, Apple Inc. is the world’s biggest technology company listed on the Nasdaq exchange.
Apple has acquired a market cap of $2.7 trillion.
Apple is also the first trillion-dollar publicly traded company in the United States, and its iPhone captured nearly 62% market share in Q1 2022.
In Q1 FY 2022, Apple reported a net income of $29 billion on a whopping revenue of nearly $111.5 billion.
If you want to take a bite out of Apple, you can invest in U.S. stocks by following the process below.
4 Step Process to Buy Apple Shares from India
- Select investment platform – Select a platform that allows you to US stock investment. Complete your KYC verification with your Pan card and Aadhar card details.
- Open US trading account – Once the investment account is opened. You can proceed to the next step to create a US trading account.
- Transfer funds to the US account – Open the “US stocks” option and then click on the “Add funds” button.
- Buy Apple shares – Return to the “US stocks” section, click on “Apple, Inc.” from the list and click on “Buy stocks”.
Earlier investing in US stocks was a time-consuming and costly affair. But some investment platforms like INDMoney/Groww/Vested have made this process fast and cost-effective.
Though Apple stock’s price is around $165, you can start your investment journey for as low as $1. Because INDMoney allows you fractional investing in which you can buy a small portion of the stock.
Apple Stock Price
Apple’s stock price has kept on changing this year as it was above $182 per share in January 2022. Later on, Apple’s stock price has fallen almost 29% to $130 in June 2022.
In the last two months, Apple shares quickly rose 35% to $175 from a 52-week low of $130 in June. But Apple stock (AAPL) has again fallen 6% in less than a week and currently trading around $166.
Apple Share’s Fundamental Details
|Market Cap||$2.7 T|
|Price-to-Earnings Ratio (P/E ratio)||27.64|
|Earnings Per Share (EPS)||6.05|
|Dividend (Yield)||0.835 (0.58%)|
|52 Week Range||129.04 – 182.94|
Apple Stock Price History
You can see Apple stock has been consistent in yielding return’s YoY (Year on Year) basis. The tech-giant stock has yielded 325% returns in the last 5 years. That’s because of its consistent performance in business and revenue generation.
Key Points from Apple’s current business performance
|Exceptional revenue generation||Apple reported revenue of $123.9B last year which is $12.4B more than the previous year’s revenue of $111.4B|
|Net profit increased||Apple generated a $34.4B profit in the last fiscal year as compared to a $28.8B profit from the previous year.|
|Gross profit margin||Apple’s gross profit margin has also increased by 43.8% (a gain of 4% from the previous year).|
|Segment-wise revenue||iPhone sales revenue increased by 9% to $71B|
Mac (Macbook, iMac & Mac mini) sales revenue increased by 25% to $10B
Services revenue increased by 24% to $19B
Only the iPad segment has a slight decline in revenue by 0.04% to $7.65B from last year’s $7.8B
Apple is an ideal dividend-paying stock for long-term ROI. Apple’s payout ratio is around 24% of the revenue and in terms of the cash approximately 19.5%.
Apple had declared a cash dividend of $0.23 per share. The dividend was paid out on 11 August 2022 to shareholders of record as of the close of business on August 8, 2022.
Apple stock has risen again making it a slightly costly buy. But if you are into long-term investing, then no time is bad for buying your favourite stock.
Disclaimer –This article is for educational purposes only. It’s not a stock recommendation and should not be treated as stock advice.
#1. Will Apple Stocks Split Again?
Apple’s Board of Directors has not reported that they have any intention to split the company’s stock in the near future. Apple has last stock split in 2020. Here are the details of all the stock splits happened till now.
|August 06, 2000||2-1|
|February 28, 2005||2-1|
|September 06, 2014||7-1|
|August 31, 2020||4-1|
#2. Can I Buy Apple Stock Directly?
Yes, you can buy apple stock directly with apps like INDMoney.
#3. Where to Buy Apple Stocks?
You can buy apple stocks by opening a US trading account with the help of several investment platforms in India. A few of them are INDMoney, Groww, and Upstox.