Where Will Apple Stock Be in 3 Years?

Apple 's ( AAPL 0.17% ) stock chart is a thing of beauty. Shares of this tech heavyweight are up 54% in the past three years.

That gain easily outpaces the 22% rise of the Nasdaq Composite index. As this " Magnificent Seven " stock currently trades near its all-time high, investors might be considering adding the business to their portfolios. So it's important to ask, where will Apple be in three years? Still an iPhone company Apple's monster success can largely be attributed to the popularity of the iPhone, which bucks the typical short lifespan and deflationary trend of consumer electronics.

A whopping 17 years after its introduction, this single product still represents about half of the company's total revenue. The management team is still focused on growing iPhone sales, with a new update slated to launch later this year. Apple has also finally opened retail stores in India, hoping to further tap the world's most populated country.

In 2027, I believe there's a very good probability that this business will still depend on the iPhone for its financial success. Yes, Apple sells other well-known products, like the Watch, AirPods, MacBook, and iPad. But its industry-leading smartphone still reigns supreme.

Investors should understand the downside of this, though. The iPhone is a mature product, as there are about 1.4 billion of these devices that are active across the world.

So, it will become harder to drive outsize revenue gains. At a $3 trillion market cap and with trailin.