It’s all too easy to overlook the titans that dominate the technological landscape. After all, several have increased by thousands of percentage points in the last decade alone. However, overlooking them may be a mistake. Companies that have risen to dominance in an industry typically maintain that position for an extended period — even in technology. Here’s more information on which technology stocks investors should monitor closely and eventually purchase.
Top 3 Profitable Stocks
Apple (NASDAQ: AAPL), Adobe (NASDAQ: ADBE), and Nvidia are the three best technology stocks to buy right now (NASDAQ: NVDA). While they are not exactly unknown to Wall Street, they are all massive, well-capitalized innovators poised to dominate in the years ahead. Here is why:
#1. Apple: The Company That Transformed the Mobile Device Industry
It’s pointless to introduce a company with a market capitalization approaching $2.5 trillion and a smartphone with a 64 percent market share in the United States. As the company unveils a new lineup of phones, tablets, and accessories this week, it’s clear that the company is a force to be reckoned with.
When it migrated from computers to smartphones, it transformed the mobile device industry. And it has expanded its ecosystem of services to encompass consumers, including video, audio, and payments. Customers adore everything. According to a survey conducted by mobile phone retailer sellcell.com, the iPhone 12 increased brand loyalty to 92 percent. That being said, Apple’s stocks are worth buying.
However, the company has recently made some unwelcome headlines. In a high-profile ruling, a judge upheld the legality of Apple’s App Store but stated that the company cannot force people to pay for items through the marketplace. This will eat into the company’s 30% commission. This cut is included in Apple’s $64.7 billion in service revenue over the last 12 months. It’s roughly the same as the combined revenue of Spotify, Visa, and Netflix.
#2. Nvidia: A True Giant in the GPU Manufacturing Industry
Nvidia is an extraordinary story of a company at the cutting edge of one industry leveraging its technology to leap to the forefront of emerging fields. It began with the best graphics cards available for personal computer gaming. These applications necessitated a great deal of computational horsepower. This resulted in a graphical processing unit (GPU) architecture that is now the de facto standard in a number of the most promising technologies. These include, but are not limited to, artificial intelligence and data science, autonomous vehicles, robotics, and virtual reality.
Both its financial results and the price of its stocks reflect the company’s industry leadership. Revenue has increased 337 percent since 2016, while net income has increased by 1,050 percent. Wall Street, on the other hand, has not fallen behind. It is factoring in a significant amount of future growth. In that time, the stock has increased by 2,600 percent, reaching a market capitalization of $556 billion.
#3. Adobe: The Go-To Software of Every Creator!
Adobe is best known for its software, which enables creators to design and deliver interactive digital experiences. Over the last 12 months, it has boosted revenue to $14.4 billion. This is a 240 percent increase over the last decade, with net income increasing by 570 percent. As of the six months ended in June, nearly 90% of that revenue was derived from subscriptions. The company operates in three segments: digital media and experience, publishing and advertising, and publishing and advertising. Last year, they accounted for 76%, 23%, and 1% of revenue, respectively.
Digital media comprises both creative and document cloud products. The creative cloud is a collection of over 20 apps, including Photoshop and Illustrator — two indispensable tools in the toolkit of any creative professional. The document cloud enables scanning, sharing, editing, and signing of documents from any location, at any time. The digital experience segment is intended to serve as the backbone of online businesses. Although sales growth slowed during the pandemic, the stocks are up 96% year to date.
Don’t Panic & Learn How to Fix a Water-Damaged Phone Without Rice
Most people have already been there – in a situation where they have dropped their phones in water, spilled their beverages all over their Android or iOS devices. Here is what you need to do if you spill any kind of liquid on your phone.
First, Turn off the Phone
You should immediately power down the device and reduce the chance of any electronic components from a shortage. Next, use a SIM card removal tool or a pin to pop open the SIM tray and remove the SIM card. The liquid could have gotten into the tiny opening and you want to avoid having to replace your SIM card too. It’s not a big expense, but it can be a pain to deal with. Also, take out the battery if your device allows it.
This sounds like it’s something simple but this is actually where things could get tricky. Rice is the ever-popular urban legend, but it might not be the best possible material to soak up excess water. Don’t even think about taking a hairdryer to your phone. Added heat could easily cause corrosion if there was any water on its hardware. Instead, start with a microfiber cloth that’s similar to the one you use to wipe smudges off your glasses. Use a cloth to wipe down the components if you can’t remove the back panel.
About the Rice…
You could try powering your device at this point to assess any damage. However, it’s recommended to take a further step before risking turning it on. Submerge your phone in a desiccant. It’s a substance that can induce dryness by absorbing water.
Rice is not as absorbent as you think. A company that is known for buying broken and used devices and then reselling them, conducted a series of various experiments to which decisions work best with which phones. Six out of nine phones did power back on after using the rice method. Another two were recovered to the point that the user would be able to pull most of the data from the phone. Interestingly, Samsung devices did better with the rice than iPhones.
If the Device Fails…
If your phone was submerged in water for a good amount of time, you still have options. Apple accepts water-damaged phones as part of its trade-in program, though you will have tempered expectations about how much money you will get on a gift card, in return.