#1 - Apple (NASDAQ:AAPL)
The first of the IoT stocks to consider is Apple (NASDAQ:AAPL). One reason to consider Apple is its ecosystem. The company has a loyal, committed user base that goes beyond its iconic iPhone to include the Apple Watch and AirPods. Because of this, Apple is as close as any company with the exception of Amazon (NASDAQ:AMZN) as having all the pieces needed to normalize a “smart home” with devices from a single brand.
That would be enough to put Apple on this list. But the company has big plans to move into the healthcare space. The company has recently launched its Apple Health Records project. The purpose of this project is to monitor patients and keep track of their health in real-time by integrating various Apple products.
Right now this initiative is in its early stages. The company is partnering with several university medical centers most notably Duke and Stanford. However, Apple has big plans for expanding its healthcare reach. Given the company’s track record that would appear to be a good bet. Plus, you can get APPL stock for a nice discount compared to where it was trading in January.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Read More - Current Price
- $254.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $236.78 (7.0% Downside)
