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

[winston]

not vested

Apple Inc - Stock Analyst Research
Target Price* 190.00
Recommendation BUY

Apple Inc. - Proving its resilience

Revenue and PATMI in line at 100% of our FY22 forecasts.

Resilient hardware revenue with 9% YoY growth in 4Q22 amid negative industry sentiment.

Revenue growth deceleration and increasing FX headwinds guidance for 1Q23.

Maintain BUY with a lowered target price of US$190.00 (prev. US$198.00).

Valuations based on DCF with a WACC of 6.5% and terminal growth rate of 3%.

We believe Apple will benefit from the increased average selling price (ASP) of its iPhone while volume growth is expected to face headwinds from both the lower demand compared to FY22 and potential supply constraints from the continued lockdowns in China.

Source: Phillips

https://www.poems.com.sg/stock-research/AAPL/

[behappyalways]

Apple is now valued more than Alphabet, Amazon and Meta combined
https://markets.businessinsider.com/new ... ch-2022-11

[behappyalways]

Apple Adds iPhone 14 Production In India Amid China Zero Covid Chaos
https://www.zerohedge.com/markets/apple ... ovid-chaos

[behappyalways]

Apple warns Covid restrictions in China are hurting iPhone production
https://www.cnbc.com/2022/11/06/apple-w ... tion-.html

[behappyalways]

Foxconn Riot Could Cut China iPhone Production By More Than 30%
https://www.zerohedge.com/technology/fo ... on-more-30

Any way you slice it, Apple’s relative performance depicts a stock that’s increasingly out of favor. $AAPL
https://mobile.twitter.com/CarterBWorth ... 3732119553

[behappyalways]

Apple Threatens To Ban Twitter From App Store, Won't Say Why: Musk
https://www.zerohedge.com/technology/ap ... y-why-musk


DeSantis says Congress should act if Apple follows through on Elon Musk claims and bans Twitter from App Store
https://www.businessinsider.com/desanti ... er-2022-11

[behappyalways]

Apple Turned Off Protest Communication Tool Right Before Anti-Lockdown Uprising In China
https://www.zerohedge.com/geopolitical/ ... sing-china

[behappyalways]

Apple Accelerates Plans To Shift Production Out Of China
https://www.zerohedge.com/geopolitical/ ... -out-china

[behappyalways]

How Foxconn’s Covid Protests Triggered iPhone 14 Pro Supply Chain Delays | WSJ
https://m.youtube.com/watch?v=rpf41yE5kQ0

[winston]

6 big reasons Apple stock is a must buy for 2023: analyst

by Brian Sozzi

Forward price-to-earnings ratio of 22

Here are the six factors behind Citi's bullish 2023 call on Apple:-
1. Here comes India
2. iPhone sales growth
3. Services sales upswing
4. Those new products: AR/VR headset in 2023 and foldables in 2024
5. Regulatory risk overblown
6. The cash giveaways: FCF $110 billion pa and net cash of $49 billion (as of year end FY22),

Source: Yahoo Finance

https://finance.yahoo.com/news/why-appl ... 20393.html