Apple has been phenomenal in the past few months. After touching a record high at the start of this year, the AAPL stock has been rallying around the levels of $125. Despite such high levels, various analysts have been pinning Apple to perform well and reach even higher levels. In fact, the belief in the market is such that Apple stock is a must have in any portfolio.

In this article, we will take a look at some of the reasons why Apple is such an important stock for any portfolio, weighing in all the pros and cons of having this stock. It would be intriguing to see how the stock behaves in the coming days. A look at all the product releases would also help us realize the potential of this stock.

Apple has had great success with iPhone 6. The new iPhone had been on top for the past few months and therefore it really did convert to a lot of profit for the AAPL stock. With the financial year ending in a month, Apple would be looking to keep up the performance, and this is where the new product launches really come in.

Apple Inc (NASDAQ AAPL): The AAPL Stock

Apart from the iPhone 6 launch, Apple also had success from the launch of Apple Pay which allows mobile payment to users. Apple is now gearing up for the release of Apple Watch which should bring in a big change in the wearable technology market. Apple already has a big reputation of changing trends in the already established markets.

Apple iPhone 7 rumours have also been doing round in the market. The new iPhone may well be having a lot of changes in style and functionality. Apple would be hoping to have similar success with this new iPhone.

Apple Inc financial news (NASDAQ AAPL)

Apple (NASDAQ AAPL) would be looking to continue their run of form in the coming days. It remains to be seen if they are able to do so.

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