Apple Inc. (NASDAQ: AAPL) shares experienced a decline on Monday following the release of data indicating a roughly 10% drop in Apple smartphone shipments during the first quarter. Research firm IDC’s report revealed that Samsung had surpassed Apple to become the leading global phone maker, holding a 20.8% market share compared to Apple’s 17.3%.
The report highlighted a 7.8% increase in global smartphone shipments to 289.4 million units. Apple’s market share decline was attributed to a decline in sales, underscoring the intensifying competition in the smartphone market.
Despite the setback, Apple is gearing up to release its second-quarter earnings results on May 2, 2024. Analysts anticipate the tech giant to report quarterly earnings of $1.51 per share on revenue totaling $90.52 billion. Amidst this anticipation, investors are also considering the potential gains from Apple’s dividends.
Currently, Apple offers an annual dividend yield of 0.56%, equivalent to a quarterly dividend of 24 cents per share or 96 cents annually. Investors seeking to generate a consistent income stream from dividends may calculate the investment required to achieve their desired monthly or annual earnings.
For instance, to earn $500 per month or $6,000 annually from Apple’s dividends alone, an investment of approximately $1,079,313 or around 6,250 shares would be necessary. Conversely, for a more modest income of $100 per month or $1,200 annually, an investment of $215,863 or approximately 1,250 shares would suffice.
However, it’s essential to note that dividend yield is subject to change based on fluctuations in dividend payments and stock prices over time. Changes in dividend payments or stock prices can impact the yield accordingly. Additionally, investors should consider market conditions and their own financial goals when making investment decisions.
On Monday, AAPL shares closed at $172.69, reflecting a 2.2% decline.
It’s crucial for investors to conduct thorough research and consider their investment objectives before making any financial decisions. This information is provided for educational purposes and does not constitute investment advice.
