Apple AAPL stock helped the Nasdaq to achieve new highs this week and the company reached its own records on Friday heading to release its first-quarter earnings results for fiscal year 2021 on Wednesday, January 27. Apple has now jumped nearly 30% since the end of October and analysts have reported on the latest iPhone model.

Constant dominance

Apple needs no introduction as it continues its steady expansion outside iPhones in services and more. But despite their successful diversification, its flagship smartphones still play a vital role in the company and on Wall Street, accounting for 50% of total revenue in fiscal year 2020.

Fortunately, Wall Street ranks high with the first iPhone with 5G technology that was launched in October. IPhone is available in four models with different prices. Apple has priced its high-end models roughly the same as the iPhone 11 last year, despite new features and 5G capabilities. Morgan Stanley analyst Katie Huberty described the iPhone 12 as “the most successful product launch for Apple in the past five years”.

Apple has also benefited from increased Mac and iPad sales during the remote work and school environment. The wearable device unit, which houses its popular smartwatch and wireless headphones, also grew by 25% last year to lead the MSU expansion by 16%.

Apple now has revenue streams coming from its massive app store, subscription services like Apple Music, Spotify’s rival, Spotify, as well as the TV streaming service it hopes to someday compete with Netflix NFLX and more. The company also has news shows, video games, and more.

READ  Google은 에픽게임즈의 적대감 속에서 사이드로딩을 '끔찍하다'고 설명했습니다.

Apple’s paid subscriptions grew by more than 35 million compared to the previous quarter, to more than 585 million paid subscriptions across its various services in the fourth quarter. Executives expected the total number to reach 600 million before the end of the 2020 calendar year.

Before moving forward, it’s worth remembering also that Apple is pushing harder to bring more of its chips inside the company. The move is expected to help cut costs, improve battery life and performance, as it continues to close the loop, while diversifying. There are even reports that Apple is trying to enter the electric vehicle space.

there is more

Apple’s ambitious plans could go further given that it ended the fourth quarter with nearly $ 80 billion in net cash. The company slowly reduced its cash position in an attempt to reach a “net cash neutral position over time”. In the last quarter, it returned nearly $ 22 billion to shareholders through dividends and buybacks – the dividend yield has stabilized at 0.60% for now.

Apple also remains the most valuable brand in the world and its stock price has surpassed Microsoft MSFT and Amazon AMZN over the past five years, an increase of 460%. Recently, its shares have risen 75% in the past year and 22% in the past three months.

Apple is trading at 7.1X 12-month forward sales. This is only a slight premium to their industry and is a stiff opponent of 10.2X from Microsoft, as it has been for years. And the AAPL stock split 4-for-1 at the end of the summer made it more achievable and attractive to many investors.

READ  이번 유출로 새로운 모습이 기대됩니다

minimum

The pandemic forced Apple to delay the release of the next generation iPhone until October, not late September. This will help it increase its sales for the first quarter of fiscal year 2021 slightly, as it is rising against a comparable period.

Zacks estimates that Apple’s adjusted first-quarter earnings will rise more than 11% to $ 1.39 a share, at nearly 12% of strong returns that will reap over $ 100 billion in one quarter for the first time ever, at $ 102.6 billion.

Apple’s 2021 fiscal revenue is then expected to jump 17%, with its adjusted earnings expected to rise by 23%. And AAPL’s positive long-term earnings reviews are helping Zacks’ # 2 (buy) rating now.

There is always the risk of running a stock to make short-term gains around profits, especially when it rises to new highs and heads towards earnings. However, long-term investors should not have to worry about trying to timing Apple if they are optimistic about its success.

More Stock News: This Is Bigger Than iPhone!

It could become the mother of all technological revolutions. Apple only sold 1 billion iPhones in 10 years, but a new breakthrough is expected to result in more than 27 billion devices in just 3 years, creating a $ 1.7 trillion market.

Zacks just released a special report highlighting this rapidly emerging phenomenon and 6 indicators to capitalize on it. If you don’t buy now, you might throw yourself out in 2021.

Click here to get 6 deals >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 of the best stocks for the next 30 days. Click for this free report

READ  WhatsApp은 더 나은 통신 기능을 갖춘 새로운 Windows 클라이언트를 소개합니다.

AT&T Inc. (T): Free Stock Analysis Report

Microsoft Corporation (MSFT): Free Stock Analysis Report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Apple Inc. (AAPL): Free stock analysis report

Netflix, Inc. (NFLX): Free Stock Analysis Report

Spotify Technology SA (SPOT): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zaks Investment Research

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

You May Also Like

9월에 새로운 Wii U를 구입한 사람이 누구인지 궁금합니다.

이 소식은 정기적으로 비디오 게임 소매 데이터를 게시하는 회사인 Circana(이전 NPD)의 비디오…

KLab, iOS 및 Android 용 공식 라이선스 Touhou Project Shoot ’em 발표

상하이에 본사를 둔 KLab과 Dobala Games가 공동으로 A. 동방 프로젝트 Team Shanghai…

센스보다 돈 많은 사람들을 겨냥한 미국의 전화 “베타 테스트”는 없습니다

확대 / Nothing Phone(1)은 이 뒷면 디자인에 즉시 반할 것이라고 농장에 걸었습니다.…

2022년 10월 PS Plus Extra, Premium PS5 및 PS4 게임 23종 발표

참여 상자를 밀어 나에게 유튜브 소니, 23가지 신제품 발표 PS 플러스 오는…