AppleStock prices rose more than 2% by Tuesday stocks tumbledInvestors see the company’s safety as an advantage in times of market volatility, despite concerns about the Covid new variant.

Stocks with large market caps in technology include Google, Amazon, Meta(formerly Facebook). MicrosoftThe Dow Jones Industrial Average fell more than 500 points in the face of a wider market selloff. The Dow Jones Industrial Average dropped more than 500 points, the Nasdaq composite was down over 1% and the S&P 500 was down about 1.4% on Tuesday.

CNBC’s Laura Martin, Needham analyst, said Apple was the reason investors turned to Apple Tuesday. The company boasts a prodigious cashflow that allows it to weather any economic slowdowns and profit from falling prices.

Martin stated that there is a “flight to quality” with large tech companies, which Martin noted that smaller businesses aren’t as affected by the downturn.

Martin stated that Apple’s position to bring new products is ideal for boosting new growth. including a headset.

No new products has been the biggest complaint about Apple over the past five years. Martin stated that if you take a look at Apple’s product portfolio, there is a lot of excitement, particularly in the media today, about the introduction of augmented reality glasses during the WWDC in June.

Martin indicated that Apple’s iPhone Pro and iPhone Pro models are currently selling well. It could be a sign of a strong December quarter. Apple saidIn October, it was expecting record revenues in its fiscal 1st quarter. This is despite the fact that there were supply restrictions.

Retailers are reporting a lot of positive numbers about the product’s sales. Martin mentioned that tablet sales, including the premium iPhones, will be high, with high revenues and margins in the fourth quarter.

Apple utilizes its cash flow to purchase new products and return capital to shareholders via dividends. The latter can also be used to help maintain the stock’s price stability. Toni Sacconaghi, a Bernstein analyst, stated earlier in the month that Apple will continue to repurchase shares for five more years.

Sacconaghi stated in an Nov. 17 letter to investors that “Our analysis suggests Apple is likely to continue repurchasing approximately 3-4% of its shares annually until the end 2026, while growing its dividend per Share by 10% annually without taking out net debt.”

Apple shares are up 25% over the past year.