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Apple Inc. is the largest company globally by market capitalization. The company offers a broad range of products including the iPhone, iPad, iMac, Apple Watch, and Apple TV. Apple also develops and markets various software applications such as iOS, macOS, iPadOS, watchOS, iCloud, AppleCare, Apple Pay, and a range of accessories.
Apple’s services extend to digital content and applications available through platforms like the Apple Store, Apple Arcade, Apple News+, Apple Fitness+, Apple Card, Apple Pay, and Apple Music.
Buying Apple Shares:
- Currency Exchange Fees: Shares in Apple, traded in US dollars, may incur a foreign exchange fee (typically around 1%) unless purchased through a US dollar account.
- Transaction Fees: Most brokers charge a higher fee for buying US shares compared to UK shares. It's beneficial to compare fees among brokers if trading US shares frequently.
- W-8BEN Form: Completing this form (valid for three years) allows for a reduction in withholding tax on US dividends and interest from 30% to 15%.
- Currency Risk: Holding US shares involves foreign exchange risk. If the pound strengthens against the dollar, the value of your shares in sterling terms could decrease, and vice versa.
