Apple’s market cap is approaching a historic $3 trillion. Apple shares are currently trading at around $179.84 with a market cap of nearly $2.94 trillion. Apple shares trade on the NASDAQ Global Select Market under the symbol AAPL, and in INR terms, Apple shares are priced at around Rs 13,425.
Apple’s stock price will reach a market cap of $3 trillion after surpassing $182.85 and will be the first company to get a market cap of $3 trillion. Apple shares are up nearly 35% year-to-date and 47% over the past year.
How it’s about buying and selling apple stocks?
International stocks generally take center stage, luring enthusiastic investors with their spectacular returns, especially with the destructive global trends published by US tech giants, such as investing in memes, leaving room for large speculative profits. Whether you’re an Apple fan or can’t leave Android behind, there’s no denying Apple Inc’s (AAPL) power in the stock market. Apple is the largest and most valuable technology company globally by revenue and market capitalization. According to its latest earnings report, Apple’s third-quarter revenue rose to $94 billion and a market cap of $2.3 trillion. Apple’s share price is constantly changing but has been above INR 11,000 per share for over a year, starting August 30, 2021. Meanwhile, AAPL’s share price is down nearly 14% year-to-date. If you have drooling numbers over a piece of AAPL, worry not, as you can now invest in US stocks using the process below.
1. Choose Mediation
An online broker is your portal for buying and selling stocks. An online brokerage account allows you to buy Apple stock and offers a wealth of research, educational materials, and report types to help you achieve your investment goals.
Traditionally, investments in American stocks have been made through mutual funds focused in the United States or globally. Direct investment has recently increased and is facilitated either through international or Indian brokerage firms with ties to American brokerage firms.
In both cases, international brokerage firms buy shares and hold them in an omnibus for Indian investors. Thus, custody of these shares resides with the brokerage house in the United States. In addition, the direct investment option results in a hefty fixed foreign currency conversion fee per transaction (around INR 500 per USD 500) and a high bid-ask ratio (difference between the bank’s bid and ask) of 2% locally.
Fees, services, and investment options may vary from broker to broker, so compare several brokers to find the one that suits you best.
2. Via NSE IFSC
To enable Indian investors to diversify their portfolios, NSE International Financial Services Center or NSE IFSC, one of the two recognized exchanges in Gujarat International Finance Tec-City (“GIFT City”), presents a product offering to enable Indian retail investors to trade selected US stocks, namely the top 50 stocks by market capitalization and the top five Stock Exchange Traded Funds (ETFs) in assets under management, at IFSC. GIFT IFSC in Gandhinagar, Gujarat, is India’s first IFSC. All IFSC transactions are denominated in currencies other than Indian Rupees.
AAPL is traded on the NSE IFSC and can be bought or sold between 09:15 and 15:30. IST Monday to Friday. However, NSE offers pre and post-business trading, which you can access through your online broker.
Pre-market trading hours are from 9:00 to 09:15, and after-hours trading is from 15:40 to 16:00 IST. If you trade outside the hours, your broker allows you to place an order, and the order will be processed once trading has resumed.
To invest in AAPL shares through the NSE IFSC platform, follow these steps:
Step 1. Open a trading account with NSE IFSC registered brokerage firm and provide documents like Aadhaar card and PAN card to complete the Client Knowledge Process (KYC).
Step 2. Add funds to your account to buy and sell shares. You can use this grant for trading derivatives or speculative purposes.
Step 3. After funding your account, you can go ahead and buy Apple shares. However, keep in mind that you can only make fractional investments, meaning you can have fractional ownership of AAPL shares.
3. Indirect investment
You can indirectly invest in the US stock market through mutual funds (MF) and exchange-traded funds (ETFs) through local or overseas brokers. You don’t need a trading account or pay any amount for a deposit. This is a profitable way to invest in AAPL stocks. Many brokerage firms tend to hold shares in Indian ETFs that track US stock market indexes.
What Makes Apple So Valuable?
Apple’s rise began with innovation and product launches over the last decade. From the iPod to the iPhone to the iPad and Apple Watch, every new product has been woven into the fabric of our culture. With each release, Apple keeps its loyal customers busy, looking forward to the next big breakthrough and creative improvements to their devices. However, some analysts wonder whether the company can maintain its momentum and its number one position or whether competitors will eventually surpass it.
Things that one should consider while investing in Apple stocks:-
• Ensure you have completed your Liberated Money Transfer System (LRS) documentation. Follow the Reserve Bank of India (RBI) rules and regulations strictly. According to the RBI, Indians can invest up to $2,550 in a reporting year.
• The best way to invest in US stocks is through direct investments, not mutual funds and exchange-traded funds.
• Various brokerage firms work with foreign national banks, which help you get reasonable exchange rates.
• Transactions must be in US dollars to purchase AAPL shares.
Buying Apple stocks in recent times is not an easy decision to make. Stores don’t come cheap, and companies are struggling due to supply chain bottlenecks and rising capital costs. Since the pandemic began, consumer demand has been overwhelming but could slow as higher inflation hurts people’s free incomes. However, Apple is constantly developing innovative products that generate annual sales in the billions. This capability can generate stable returns for investors over five to 10 years. So, if you’re a long-term investor, Apple stocks might be for you.
1. How do you get the current Apple stock price?
Prices are delayed by 20 minutes, and Ticker Technologies provides other Apple stock information.
2.Does Apple pay cash dividends?
Yes. Learn more about Apple’s dividend history.
3.Does Apple have a stock buyback program?
Yes. Learn more about Apple’s historical return to capital.
4.Can I buy shares directly from Apple?
No, but Apple stock can be purchased through almost any brokerage firm, including online brokerage services.
5. Does Apple Have a Dividend Reinvestment Program (DRIP)?
No, but most brokerage firms allow you to reinvest dividends.
6. On which stock exchange are Apple shares traded?
Apple shares are traded on the NASDAQ Global Select Market under the ticker AAPL.
7. When is Apple’s initial public offering (IPO)?
Apple went public on December 12, 1980.