Apple (AAPL) 05 (Aug 18 - Dec 24)

[winston]

THIS ELECTRONICS BRAND KEEPS CUSTOMERS COMING BACK FOR MORE

Today's chart shows the benefits of investing in a popular brand...

DailyWealth readers know that strong brands inspire loyalty in their customers. They'll come back to their favorite names... and are even willing to pay a premium for brands they trust.

Today, we're looking at a brand that's known and loved around the world. In fact, Forbes labels it as the world's "most valuable" brand...

Apple (AAPL) is a $2 trillion consumer-electronics giant. It has created some of the most popular devices in the world, like the iPhone, iPad, and Apple Watch.

Every time a new product or edition is released, consumers race to buy it. And this brand recognition has paid off...

In the most recent quarter, Apple saw double-digit growth in each of its product categories. It also brought in record revenue of $89.6 billion – up 54% year over year.

As you can see, AAPL shares are up around 190% over the past two years. And they recently hit a new all-time high. As long as the Apple brand remains a leader in the electronics world, this uptrend should continue...

Source: Daily Wealth

[winston]

not vested

Apple (AAPL) – Announced July 27

Apple posted strong third-quarter revenue in fiscal year 2021 of $81.41 billion, up 36% year-over-year and higher than analysts’ expectations of $73.3 billion.

Earnings of $1.30 per share rose from $0.65 a year ago and beat analysts’ expectations of $1.01 per share by 29%.

The company’s $39.57 billion in iPhone revenue was up 49.78% year-over-year. However, Apple CEO Tim Cook stated that constraints on “silicon” or computer chips would affect the company’s iPhone and iPad sales in the September quarter.

Mac sales of $8.24 billion beat estimates for $8.07 billion. Services revenue of $17.48 billion jumped 33% from a year prior.

Cook noted that the success of the quarter was not just from people upgrading their old iPhones, but also from Android customers switching to iPhones. Last year’s June quarter was a company record for sales despite the lockdown order around the world – so Apple is still growing.

However, Apple declined to provide fiscal first-quarter guidance. The lack of guidance fueled a minor sell-off this week, with Apple shares slipping down over 1%.

Source: Investor Place

[behappyalways]

Apple can no longer force developers to use in-app purchasing, judge rules in Epic Games case
https://www.cnbc.com/2021/09/10/epic-ga ... sion-.html

[behappyalways]

​Apple risks losing billions of dollars annually from epic games ruling
https://www.theedgesingapore.com/news/d ... mes-ruling

[winston]

not vested

Apple’s lucrative App Store business received a major blow Friday thanks to a federal judge’s decision in the company’s legal battle with Epic Games.

Judge Yvonne Gonzalez Rogers handed down the decision in the closely watched trial, and issued an injunction that said Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing.

Apple typically takes a 15% to 30% cut of gross sales.

The decision would likely be appealed in a process that could likely take years to resolve.

PSR Comment: Majority of Apple's App Store revenue (~5% of FY20 revenue) is generated from in-app purchases, accounting for >70% of App Store revenue.

Therefore, the rule, which now allows software developers to inform users of alternative payment methods outside their apps, may dent this revenue stream because payment for in-app purchases can now be made outside the App Store where Apple won't get a cut.

However, this outcome is still uncertain as users may find the App Store more convenient to use for payments.

Apple's victory came from the ruling that it wasn't a monopoly. "A market share of more than 55% wasn’t yet high enough to sustain a monopoly case." the judge mentioned.

As such, Apple won nine of 10 counts in the case, protecting the other App Store revenue streams.

The App Store contributes about 9% to our FY21e gross profit.

Source: Phillips

[winston]

not vested

Apple – Incremental updates – Neutral.

As was expected, Apple announced incremental updates to its iPhone models with pricing more or less unchanged.

One interesting element of pricing was that memory options were shifted upward with last year's 64GB option replaced at the same price with 128GB this year.

As a result, 128GB and 256GB pricing was reduced when compared to those same storage capacities last year.

All in all this event went largely as we had expected with pricing more or less unchanged.

Ultimately, we believe growth in iPhone revenue in CQ4 will be challenging for Apple but we continue to flag a low level of confidence in our ability to predict demand given the complex interplay of issues like the Delta variant, supply shortages, the end of stimulus and high consumer savings.

12m TP of US$140.

Source: GS

[behappyalways]

China iPhone 13 launch draws crowds as phone fans eye Apple’s new handsets
https://m.youtube.com/watch?v=wNcnrkgaVVs


iPhone 13 release sparks buying frenzy in China
https://m.youtube.com/watch?v=r0QD3OWqWKM

[winston]

not vested

Apple (AAPL): To Sell

The sterling fundamentals of Apple make it a tough stock to short.

Nevertheless, the chart has spoken, and it’s a bearish message.

In addition, the tech king wasn’t immune to February’s downturn, so there’s obviously precedence for sellers having some success when the tech sector falls out of favor.

Last Monday’s stock plunge on the heels of the China Evergrande scare created a lower pivot low in Apple’s price trend.

And, with this week’s failed bounce attempt, we now have a lower pivot high beneath both a falling 20-day and 50-day moving average.

In sum, bears have wrested control of the daily trend.

Source: Investor Place

7 Best Stocks to Buy Now to Protect Against a Potential Pullback
The rising 200-day moving average near $135 is the next major target. Here’s a spread that offers big rewards if we can get there.

[winston]

not vested

Apple Inc - Supply constraints, but demand strong
Recommendation: BUY (Maintained); TP US$187.00, Last close: US$149.81;

Full year revenue and PATMI in line at 100%/101% of our FY21 forecasts.

Elevated freight costs and component shortages guided for the holiday season.

Maintain BUY with an unchanged target price of US$187.00. Valuations based on DCF with a WACC of 5.8% and terminal growth of 3%.

Demand for iPhone, iPad and Mac remain robust. iPhone 13 pre-orders were 20% above the iPhone 12 launched last year. We are estimating 2.8% iPhone sales growth in FY22e.

We see potential near-term upside if Apple succeeds in its appeal to delay the App Store ruling coming into effect on 9 December.

The ruling allows users in the US to pay outside the App Store, which could negatively impact revenue by 2% or gross profits by 4%.

Source: Phillips

https://www.stocksbnb.com/reports/apple ... nd-strong/

[winston]

not vested

Stocks to Buy: Apple (AAPL)

Apple Stock Looks Too Cheap Here for Investors to Pass Up

Recently, Apple reported results for the fourth quarter of 2021.

The company saw operating cash flow (OCF) of $104 billion for the financial year. Further, free cash flow was $92.95 billion.

It’s worth noting that as of September, the company reported $35 billion in cash and equivalents.

Overall, AAPL stock looks attractive from a dividend and growth perspective. At a forward price-to-earnings (P/E) ratio of 26.5x, the stock looks poised for further upside.

Source: Investor Place