On Jan. 9 2001, Steve Jobs took the stage to unveil Apple Inc's (NASDAQ:AAPL) iTunes, dubbed "the world's best and easiest-to-use jukebox software." iTunes not only revolutionized how music was stored and played but also set the stage for Apple's dominance in consumer tech.
iTunes: A Musical Revolution That Changed The Game
"Apple has done what Apple does best—make complex applications easy, and make them even more powerful in the process," Jobs said at the time. Little did the world know that this launch would act as a precursor to Apple's foray into music streaming with Apple Music in 2019.
iTunes' 20-year reign may be over, but its legacy lives on. Since its launch, Apple's stock has delivered a jaw-dropping 70,000% return, far outpacing the S&P 500's comparatively modest 350%.
Read Also: After Apple Halts 'Hardware' Subscription Plans, Samsung Unveils Similar Strategy For AI-Powered Galaxy Smartphones
Charting Apple Today: Where Does AAPL Stock Stand?
Chart created using Benzinga Pro
Fast forward to 2025, and Apple's stock performance tells a tale of mixed signals:
Price: AAPL stock trades at $242.70, slightly below its eight-day SMA of $246.92 (bearish signal) and 20-day SMA of $249.75 (another bearish signal).
Longer-Term Signals: The 50-day SMA at $238.64 suggests bullishness, as does the 200-day SMA of $215.13.
MACD (moving average convergence/divergence): At 1.28, this indicator flashes bullish momentum.
RSI (relative strength index): Apple stock's RSI sits at 44.91, indicating the stock is hovering in neutral territory.
Currently, the trend appears moderately bearish, with slight buying pressure keeping the stock buoyant.
Looking Ahead
As Apple continues innovating in the tech landscape it helped define, its ability to navigate shifting market trends remains pivotal.
Whether you're reminiscing about iTunes' heyday or eyeing today's chart signals, Apple proves its staying power isn't just a melody—it's a symphony.
Apple Clarifies Siri Privacy Policy After $95 Million Settlement Over Allegations Of Unauthorized Recordings
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
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