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Apple stock rose in 2019
It is safe to say that Apple made a better start in 2019. Since January 1, the company's share price has risen by about 34%, and the current transaction price is $211.75 per share.
Source: Yahoo Finance
Recently, Apple CEO Cook shared his views on the company's performance in the second quarter of 2019. He said that one of Apple’s core strengths this quarter was service revenues of $11.5 billion, the “best quarter ever”. In addition, revenue from iPad products has also increased, up 22% from a year ago. The revenue contributed by wearable devices also soared by nearly 50%.
However, the incomplete harvest of Apple is good news. As Apple's flagship product and the most popular product, its contribution revenue decreased by 17% compared with the same period last year. Since Cook announced this information, Apple's stock has suffered a slight decline, once fell about 2%.
Bitcoin performed better than Apple stock in 2019
By contrast, Bitcoin has been even more impressive this year. So far, Bitcoin has risen more than 55% and is currently reporting $5,792, most of which was achieved in the April rebound.
More importantly, the cryptocurrency has maintained its price after soaring. According to cryptocurrency hedge fund company BitBullCapital, this is a very positive sign that the market may usher in further growth.
This is also the view of Tom Lee, principal analyst at Fundstrat Global Advisors. He believes that some fundamental and technical factors of Bitcoin are improving, which may be a potential signal for the end of the bear market.
Apple is not the only company whose market performance has been surpassed by Bitcoin. Bitcoin's performance is actually better than the Nasdaq 100 Index (NDX), the S&P 500 Index, and oil, gold and other commodities.