Apple (AAPL) 05 (Aug 18 - Dec 20)

Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby winston » Mon Dec 17, 2018 7:38 pm

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Apple

How much worse does it get for Apple stock? Probably not a lot.

The shares (AAPL) are down more than 20%, to $171, in the wake of a disappointing earnings report for the September quarter.

Wall Street has reacted to weak guidance for the current quarter, production cutbacks at iPhone suppliers, and the company’s move to stop disclosing unit sales of iPhone, iPad, and Mac devices—an indication that critical iPhone sales may be headed lower.

The stock is finding support because its valuation looks attractive and there appears to be limited risk to current-year earnings even if one assumes a 5% to 10% decline in iPhone sales.

Apple now trades for 13 times projected earnings of $13.30 a share in its fiscal year ending in September. The P/E ratio is about 11 when Apple’s $25 a share in net cash is stripped out.

“It is difficult to see earnings declining below fiscal-year 2018 levels of $11.91, due to strong year-over-year contributions from services, wearables, and buybacks,” Bernstein analyst Toni Sacconaghi wrote recently.

And Piper Jaffray analyst Michael Olson wrote last week that “international iPhone weakness and disappointment over future unit disclosure are largely baked into the stock.” He maintained an Overweight rating but cut his price target to $222 from $250.

Apple’s high-margin services revenues—including App Store, Apple Music, and Apple Care—rose 24% in the latest year, to $37 billion, and are on track to hit $50 billion by 2020.

In Barron’s cover story last week, we suggested that the company could package some of its services, or iPhones and services, into an attractive monthly subscription service.

One big buyer of the stock in the coming year will be Apple itself. It has the world’s largest repurchase program and is expected to buy back about $70 billion of shares in the current fiscal year, or 8% of those outstanding. Investors also get a 1.8% yield.

Source: Barron's
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby winston » Thu Dec 20, 2018 12:22 pm

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Apple (AAPL)

Apple Inc. (NASDAQ:AAPL) shares plunged last month after the tech giant’s fiscal fourth-quarter earnings report. This was despite Apple beating out the Street’s predictions by 20% with revenue of $62.9 billion and EPS of $2.91.

So what spooked investors? AAPL’s guidance of $91 billion for the holiday season fell short of expectations. Meanwhile, Apple announced it will no longer release unit sales figures for iPhones, iPads and Macs.

One analyst called this a “jaw-dropper,” as “Apple is at the critical juncture where higher ASPs [average selling prices] are making up for slower unit sales, which remains the worry.”

Two subsequent rating downgrades caused a further blow to share prices.

However, top-ranked Wedbush analyst Daniel Ives (Track Record & Ratings) is bullish. He has reiterated his “buy” rating with a Street-high price target of $275 (down from $310). From current levels, this indicates lucrative upside potential of over 65%.

Ives said previously that “our core bull thesis does not change on the story and to some extent is emboldened by the ~$800 ASP story and a robust services business poised to hit $50 billion+ in FY20.” In his latest revision nine days ago, here’s what Ives had to say about Apple stock’s latest bouts with market volatility:

“It continues to feel like every day the sun will come out and there will be another bad data point for Apple as since the company reported its quarter in early November it’s been a string of bad news around iPhone demand, transparency in the food chain, supplier cuts, China tariff worries with the stock down significantly and losing its gains for the year.”

Yet, Ives still believes in the long-term bull case surrounding Apple stock. Ives points to Apple Services as a game-changer for the stock. Apple now has an active installed base of 1.3 billion devices to monetize.

“We caution investors not to lose sight of the massive metamorphosis on the horizon at Apple being led by the services business,” Ives wrote.

“We continue to encourage investors to see the forest through the trees on this name and view last week as the first step in the ultimate re-rating of the stock higher over the coming years.”

Source: Investor Place
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby winston » Sun Dec 30, 2018 9:02 am

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This Stock is Set for a Tremendous Rally

Flat iPhone sales, trade war attrition and volatile market conditions, have driven Apple stock down 26% over the last three months.

Over the last 30 days, eight financial analysts lowered their price targets for Apple.


Apple’s 1.3 billion active devices give the company unprecedented access to customers who are likely to purchase additional services from the company.

Apple reported that it generated $18 billion in revenue from service sales in 2014. Just four years later, those figures have doubled to $37.19 billion for 2018.

And this growth isn’t likely to slow down anytime soon. FactSet reports that revenue from Apple’s services division is expected to double again to $80.65 billion by 2022.

And Morgan Stanley analyst Katy Huberty reports that this figure could reach $101 billion by 2023.

The current average margins for Apple are around 38%, but the services division margins are upward of 50%.


The markets remain volatile, and he believes that Apple stock could dip to $150 per share before recovering.

If it does go this low, it would be an excellent entry point for any investor, and a perfect setup for 100% gains if Apple does hit $300.



Source: Money Morning

https://dailytradealert.com/2018/12/29/ ... ous-rally/
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby winston » Fri Jan 04, 2019 1:05 pm

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<Research Report>G Sachs Sees Apple to Further Trim Guidance, TP Slashed to US$140

In Goldman Sachs' report, the target price on Apple was slashed to US$140 from US$182 with 6% and 10% cut on its FY19 revenue and EPS estimates, on assumption for further trim on its full-year guidance depending on the trajectory of demands in China in early 2019.

The broker opined that the market focus should shift to ASP decline potential in 2019 given weak macro and forex fluctuations.

Source: AAStocks Financial News
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby winston » Sat Jan 05, 2019 7:31 am

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Apple: People Bought Fewer New iPhones Because They Repaired Their Old Ones

In case you had any doubts about why Apple viciously attacks those who repair iPhones…

Apple has long fought efforts that would make iPhones easier to repair:-

It has lobbied against right to repair efforts in several states, doesn’t sell iPhone replacement parts, sued an independent repair professional in Norway, worked with Amazon to get iPhone and MacBook refurbishers kicked off Amazon Marketplace, and has deals with electronics recyclers that require them to shred iPhones and MacBooks (as opposed to allowing them to be refurbished.)

The Department of Homeland Security, meanwhile, has seized iPhone replacement parts from prominent right to repair activists in the United States.



Source: Vice

https://motherboard.vice.com/en_us/arti ... reddit.com
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby behappyalways » Sun Jan 06, 2019 6:59 pm

Apple cuts outlook as Chinese slowdown hits demand for iPhones
https://www.theedgesingapore.com/apple- ... nd-iphones



Apple priced itself out of shrinking Chinese smartphone market
https://www.theedgesingapore.com/apple- ... one-market
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby behappyalways » Thu Mar 28, 2019 6:39 pm

The 4 Biggest Things Apple Just Announced, From TV to a Credit Card
http://time.com/5558407/apple-tv-news-card-arcade/
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby behappyalways » Tue Apr 02, 2019 3:33 pm

Apple slashes iPhone prices in China
https://edition.cnn.com/2019/04/02/tech ... index.html
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby winston » Sat Apr 13, 2019 8:24 pm

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You can say what you want about the iPhone maker’s best days being behind it, but I have a feeling Apple (NASDAQ:AAPL) will continue to create products people want to buy for years to come.

What these products are, I couldn’t tell you … What I do know is that Apple will continue to generate a huge amount of free cash flow to reward shareholders for their patience and loyalty.

That loyalty recently translated into AAPL stock becoming the world’s first publically traded company to hit a trillion-dollar valuation.

AAPL currently converts 71.7% of its EBITDA into free cash flow, which is pretty darn close to the 77.7% conversion rate of Amazon — a company known for doing a good job converting cash.

While Apple is no longer reporting iPhone numbers, its Services revenue continues to look more and more promising.

Source: Investor Place
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Re: Apple (AAPL) 04 (Mar 01 - Dec 18)

Postby behappyalways » Wed May 01, 2019 5:21 pm

Apple iPhone sales drop at record pace
https://www.bbc.com/news/business-48110709
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