Apple vs Amazon: Which Stock is Poised for Long-Term Growth?
Apple and Amazon have been two of the most successful stocks in recent years. An investment of $20,000 in Apple shares 10 years ago would be worth $277,000 today, including dividends. The same amount invested in Amazon stock would be worth around $133,000. However, while both companies have done well in the past, their future prospects are not as clear.
Apple's new CEO, John Ternus, has taken over from Tim Cook and is focusing on launching innovative products that consumers want to drive long-term sales growth. The company's iPhone and services business continue to do well, but it needs to broaden its product lineup to achieve sustained growth. In contrast, Amazon's AWS cloud-computing business has a big growth opportunity ahead.
Amazon's management is investing heavily in meeting surging demand for its products and services. This includes $220 billion in expected capital expenditures this year, a significant increase from last year's figure of $131.8 billion. With its strong long-term products and services, Amazon's stock is poised to create more wealth than Apple's shares.