In the past 12 months, Apple (AAPL) shares have more than doubled and the trend continued so far in 2020, rallying about 10%. Compared to the last earnings report released on Oct. 30, 2019, the stock has climbed 32% increasing the company’s valuation to $344 billion —or about $4 billion a day. Investor enthusiasm about Apple's strategy has helped the stock outperform the market in the previous year, posting a 111% total return compared to a nearly 26% return for the S&P 500.
Recently, Apple has been trying to increase its businesses even further by focusing on services revenue growth from streaming movies and TV, but also video games and music. Analysts see this as a plan to reduce the company’s dependence upon the iPhone, even if services revenue only accounted for 19.5% of Apple’s $64 billion total revenue for the previous quarter. Investor enthusiasm about Apple's strategy has helped the stock outperform the market in 2019, posting a 111% total return compared to a nearly 26% return for the S&P 500.
Many analysts have revised their 12-month price targets for Apple, with Wedbush raising it to $400 earlier in January, which implies a valuation of $1.75 trillion.
Sources: investing.com, barrons.com, investopedia.com, visiblealpha.com
The information presented herein does not constitute and does not intend to constitute Investment Advice. The information contained herewith is a compilation of public stock recommendations issued by various financial analysts and organized in an easily presentable format, for information purposes only. Key Way Investments Ltd does not influence nor has any input in formulating the information contained herein. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation. Users/readers should not rely solely on the information presented herewith and should do their research/analysis by also reading the actual underlying research. Users/readers should also consider the risk of encountering significant losses when trading CFDs. Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.