This Magnificent Stock Has Tripled in Just 5 Years and It's Now Wall Street's Latest Stock-Split Company

Apple Inc. (AAPL) has been on a tear in the stock market, tripling in value over the past five years. The tech giant's impressive run has caught the attention of Wall Street, with the company announcing a 4-for-1 stock split earlier this month. This move aims to make the stock more affordable and accessible to retail investors, potentially driving further demand.

AAPL's exceptional performance can be attributed to several factors. The company has consistently reported strong earnings and revenue growth, with a net income CAGR of 12.84% and revenue CAGR of 8.27% over the past five years. Apple's continuous innovation and introduction of new products, such as the iPhone 12, iPad Pro, and MacBook Air, have driven demand and growth. Additionally, the company's services segment, which includes the App Store, Apple Music, iCloud, and Apple TV+, has seen significant growth, contributing to the company's overall revenue.

Apple's stock split is just the latest in a series of strategic moves by the company. In 2018, Apple acquired Shazam, a music recognition app, allowing the company to expand its services and tap into the growing music streaming market. The introduction of the Apple Watch and AirPods have also been significant product innovations that have contributed to the company's growth.

The stock market has taken notice of Apple's impressive run, with the company's YTD total return of 16.01% better than the sector median of 13.92%. Additionally, AAPL's 3Y total return of 51.27% is in the top 25% of its industry, and its 5Y total return of 320.46% is also in the top 25% of its industry.

Apple's strong financial performance, strategic decisions, and product innovations have driven its exceptional stock performance over the past five years. As the company continues to innovate and expand its offerings, investors can expect Apple to remain a key player in the tech industry and a strong performer in the stock market.