5 Best App Stocks to Buy Today

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1. Apple Inc. (NASDAQ: AAPL

Market Cap: $2.21 trillion
Popular Apps: App Store

Apple Inc. (NASDAQ: AAPL) tops our list of the best app stocks to buy today. It is an American technology company that manufactures and distributes electronic products and computer software. 

Apple Inc. (NASDAQ: AAPL) also has an app platform, App Store, operated within the iOS software. Currently, the App Store has over 1.8 million apps available. App Store is central to the company’s business as the platform crossed $64 billion in gross sales in 2020. The gaming section of the App Store remains most popular amongst the users, accounting for 62% of the platform’s revenue. According to Apple’s official website, $1.8 billion generated during the last week of December 2020 were largely spent on the gaming section. Apple Inc. (NASDAQ: AAPL) has reduced its cut by half to 15% for developers generating less than $1 million in annual sales.

In Q2 FY21, Apple Inc’s. (NASDAQ: AAPL) revenue grew by 54% year-over-year at $89 billion. The AAPL stock has also soared by 48.4% in the past year. 

ClearBridge Investments has released its first-quarter 2021 investor letter and mentioned Apple Inc. (NASDAQ: AAPL) in it. Here is what the investment management firm has to say: 

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”

You can also take a peek at 10 Best Non Tech Stocks To Buy Now and 20 Best Social Media Apps in 2021.

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