Apple (AAPL) 05 (Aug 18 - Jul 23)

[winston]

not vested

Is Apple Stock A Buy After Its December-Quarter Earnings Blowout?

by PATRICK SEITZ

Began selling the 5G-enabled iPhone 12 series on Oct. 23. The handsets have display sizes of 5.4, 6.1 and 6.7 inches and starting prices ranging from $699 to $1,099.

Apple is facing antitrust scrutiny in the U.S. and Europe for its App Store policies, including its 30% commission fee.

Apple stock is not a buy right now. AAPL stock fell 3.5% on Jan. 28, ending the regular session at 137.09. That's below its recent buy point.

Source: IBD

https://www.investors.com/research/appl ... src=A00220

[winston]

not vested

Buy This Stock Before It Unleashes This “Next Big Thing”

by David Zeiler

Before the end of 2021, we’re going to see something called “Apple Glass” – augmented reality eyeglasses.

iPhone underestimated (again): Recently Apple analysts have been scrambling to raise their price targets on the stock as they realize 2021 iPhone sales will be a lot higher than they thought.

After more than a decade of fits and starts, Apple is finally poised for big gains in India, where it has less than 3% of the smartphone market. This year Apple will start opening retail stores in India; an online store opened last quarter.

There’s strong support at about $130, so you could set up a limit buy at about or just above that price level.

Source: Money Morning

https://dailytradealert.com/2021/02/03/ ... big-thing/

[winston]

not vested

Apple (AAPL) stock chart with bear retracement pattern

While Apple hasn’t experienced the type of fundamental fallout as CRM, its technicals have seen their fair share of bearishness.

From January’s peak, the tech titan has seen its share price decline as much as 20%. The 50-day and 20-day moving average caved along the way. Fortunately for fanboys, the 200-day moving average still stands untested.

Like CRM, this week’s bounce lacked any fireworks. Apple played along with the Nasdaq comeback, but its heart wasn’t in it.

If this plays out like the last bounce attempt, a rollover will ensue. The 200-day moving average at $115 looms as the logical downside target.

I remain open-minded that tech can get its act together. If AAPL pushes back above $125, then I’ll abandon my dead-cat bounce thesis.

Source: Investor Place

[winston]

not vested

Why BofA Securities Sees Another 25% Upside in Apple Stock

by Chris Lange

BofA Securities reiterated a Neutral rating with a $155 price target, implying upside of 26.5% from the most recent closing price of $122.54.

The iPhone installed base reaching record levels, growing beyond 1 billion devices, with Apple today offering phones ranging in price from $399-$1,399.

Source: 24/7 Wall Street

https://247wallst.com/technology-3/2021 ... ple-stock/

[winston]

Apple Price Target Cut by Morgan Stanley

Morgan Stanley analyst Katy Huberty also raised her revenue forecast for Apple Services.

by ROB LENIHAN

Apple (AAPL) - had its price target cut to $156 from $164 a share by a Morgan Stanley analyst who also raised her services revenue estimate for the technology giant.

Analyst Katy Huberty said in a research note that the price target cut reflected lower multiples being granted to several of Apple's peers, but maintained her overweight rating.

Huberty also said she was raising her Apple Services revenue forecast to account for accelerating Google TAC-related revenue growth (TAC refers to Traffic Acquisition Cost, or ad revenue-sharing payments to partners). She noted that strong App Store "revenue of 28% in F2Q was in-line with our forecast."

"Following strong March quarter App Store results and an analysis of the key drivers of Apple's Licensing & Other segment," she said, "we raise our already above-street FY21 and FY22 Services revenue estimates by 3% and 5% respectively, and are increasingly convinced that consensus Services forecasts over the next 2+ years are too low."

Huberty forecast that Apple Services revenue growth would accelerate to +22% year-over-year in 2021, up from +19% year-over-year previously and nearly 4 points ahead of consensus Services growth of +18% year-over-year.

In the first quarter of 2021, Apple generated a total of $15.76 billion in services revenue. Services includes iTunes, the company’s online entertainment library, software, digital content and licensing.

Apple Invests in Independent Music Company UnitedMasters

"Nevertheless, it's clear that the high-level trends we saw in the March 2020 quarter are reversing," she said, "as App Store downloads fell 9% Y/Y off of the record March 2020 quarter, while net revenue per download grew 40% Y/Y, the strongest growth in spend per download in over 3 years."

Last week, UBS analyst David Vogt upgraded Apple to buy from neutral while moving his price target $27 higher to $142 per share.

Source: TheStreet, Inc.

https://www.thestreet.com/investing/app ... an+Stanley

[behappyalways]

Apple's S$45 AirTag lets you track your things like TraceTogether for objects
https://mothership.sg/2021/04/apple-airtag/

[winston]

not vested

Apple (AAPL)

Apple notched record second fiscal quarter revenue of $89.6 billion, up 54% from a year ago and 15.8% higher than analysts’ expectations.

Earnings of $1.40 per share rose 119%, year-over-year, and beat analysts’ expectations by $0.41 cents per share.

The company saw double-digit growth in all of its product categories, with iPhone sales up 65.5% from a year ago, Mac sales up 70.1% and iPad sales up 79%.

The company said it will increase its dividend by 7% to $0.22 per share and will carry out $90 billion in share buybacks.

The company didn’t provide guidance for the quarter ending in June, the CFO Luca Maestri said Apple expects to see a double-digit rise in revenue.

Wall Street is looking for Apple earnings to fall to $1.00 per share in the coming quarter, while revenue is expected to decrease to $72.4 billion.

Source: Investor Place

[winston]

not vested

Apple (APPL)

The iPhone super cycle is real and driving Apple sales to new heights around the world. The 5G Internet-enabled iPhone 12 is a blockbuster product for Apple and its sales have been going gangbusters since it launched last fall.

As a result, Apple reported that its quarterly revenue rose 54% from the same period in 2020.

Strong sales of iPad tablets and Mac computers also boosted revenue in the quarter. The Cupertino, California-based company reported fiscal second-quarter sales of $89.6 billion, up 54% from a year earlier and well ahead of analyst expectations of $77.3 billion in revenue.

Apple’s quarterly profit came in at $1.40 a share, also topping Wall Street estimates. The world’s largest technology company has mostly thrived during the pandemic as people work and learn from home, driving demand for iPhones, iPads and Mac computers.

Demand for 5G iPhones is expected to remain strong and Apple continues to diversify with Apple TV and other subscription-based offerings.

The company announced that it is increasing its dividend by 7% and increasing its share buyback program by $90 billion this year, which should be music to investors’ ears.

Despite all the success and good news, APPL stock has defied logic and is actually down 1.5% year-to-date at $127.45 a share. The stock has been largely stuck in neutral since it split on a 4-for-1 basis last August. The current slump isn’t likely to last though.

The median analyst price target calls for Apple stock to reach $160 within the next 12 months, for a potential upside of 25%. The high target on the shares is $185.

Source: Investor Place

[winston]

not vested

Apple (AAPL) Stock Could Go Much Higher

by Mike Stenger

Apple’s first 2021 earnings report showed revenue up 21% year over year. It was an all-time quarterly record of $111.4 billion for the company. With that came $1.70 earnings per share, up 35% year over year.

The iPhone was as hot as ever, selling between 75 million and 80 million, another record.

The iPhone made half of the revenue for Apple in 2020.

At the current price/earnings ratio (P/E) of 28, $7 EPS puts the stock at $200 per share.

Source: Money Morning

https://dailytradealert.com/2021/06/03/ ... ch-higher/

[behappyalways]

How Apple’s iPhone and Apps Trap You in a Walled Garden | WSJ
https://www.youtube.com/watch?v=KVv8BfCQbts