Apple Services Growth Potential Underestimated, Analyst Says

Investor's Business Daily2022-06-23

Apple's (AAPL) services business is likely to grow faster than expected as the company monetizes its massive user base, a Wall Street analyst says. Services also could provide a lift to Apple stock.In...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Jess261
2022-06-24
Jess261
Okay
Bspn
2022-06-24
Bspn
Ok
Cl goh
2022-06-23
Cl goh
[Cool] [Cool]
Jason_LSE
2022-06-23
Jason_LSE
Why total silence about the Apple car project ? Silence doesn't mean people will forget ! [Grin] [Sly]
MSTAN
2022-06-23
MSTAN
👌👌
Silverone
2022-06-23
Silverone
Kk

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1135794234?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-23 13:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1135794234","market":"us","top_or_hot":-1,"title":"Apple Services Growth Potential Underestimated, Analyst Says","media":"Investor's Business Daily","content":"<div>\n<p>Apple's (AAPL) services business is likely to grow faster than expected as the company monetizes its massive user base, a Wall Street analyst says. Services also could provide a lift to Apple stock.In...</p>\n\n<a href=\"https://www.investors.com/news/technology/apple-stock-services-growth-potential-underappreciated/\">Source Link</a>\n\n</div>\n","source":"lsy1610612141385","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Services Growth Potential Underestimated, Analyst Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Services Growth Potential Underestimated, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-23 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/apple-stock-services-growth-potential-underappreciated/><strong>Investor's Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple's (AAPL) services business is likely to grow faster than expected as the company monetizes its massive user base, a Wall Street analyst says. Services also could provide a lift to Apple stock.In...</p>\n\n<a href=\"https://www.investors.com/news/technology/apple-stock-services-growth-potential-underappreciated/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.investors.com/news/technology/apple-stock-services-growth-potential-underappreciated/","article_id":"1135794234","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135794234","pubTimestamp":1655963123,"sourceInfo":{"source_id":"lsy1610612141385","name":"Investor's Business Daily"},"weMediaInfo":null,"summary":"Apple's (AAPL) services business is likely to grow faster than expected as the company monetizes its","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"分析师称，苹果服务业增长潜力被低估","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Apple's (AAPL) services business is likely to grow faster than expected as the company monetizes its massive user base, a Wall Street analyst says. Services also could provide a lift to Apple stock.In a note to clients late Tuesday, Evercore ISI analyst Amit Daryanani said he is more positive on the long-term outlook for Apple's services growth after his firm's survey of more than 3,000 smartphone users.\"Our survey surprised to the upside on both take rates and ARPU (average revenue per user), which increases our confidence that Apple can continue to grow the business at a midteens rate,\" he said.There's \"plenty of runway\" for Apple subscription services such as Apple Music, Apple TV+ and Apple Arcade, Daryanani said. Other services that Apple sells to its more than 1 billion device users include iCloud, Apple Pay, Apple Fitness+ and AppleCare.Analysts Maintain Buy Ratings On Apple StockDaryanani reiterated his outperform rating on Apple stock with a price target of 210.On Friday, JPMorgan analyst Samik Chatterjee maintained his overweight, or buy, rating on Apple stock with a price target of 200.In a note to clients, Chatterjee said he sees Apple services driving sustained growth for the consumer electronics giant. He forecast services accounting for more than 40% of Apple's revenue in 2030, compared with about 20% today.Apple stock has a mediocre IBD Composite Rating of 67 out of 99, according to IBD Stock Checkup. IBD's Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock's strengths. The best growth stocks have a Composite Rating of 90 or better.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9041868586,"gmtCreate":1656033806445,"gmtModify":1676535754958,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041868586","repostId":1135794234,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041353372,"gmtCreate":1656023706496,"gmtModify":1676535750233,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582502134655895","authorIdStr":"3582502134655895"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041353372","repostId":1135794234,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041026765,"gmtCreate":1655984489457,"gmtModify":1676535745049,"author":{"id":"3555025775023388","authorId":"3555025775023388","name":"Cl goh","avatar":"https://static.tigerbbs.com/359a9e119751c9d516aebc8700355b8b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3555025775023388","authorIdStr":"3555025775023388"},"htmlText":"[Cool]&nbsp;[Cool]&nbsp;","listText":"[Cool]&nbsp;[Cool]&nbsp;","text":"[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041026765","repostId":1135794234,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041002824,"gmtCreate":1655974539768,"gmtModify":1676535743486,"author":{"id":"4095252946433820","authorId":"4095252946433820","name":"Jason_LSE","avatar":"https://static.tigerbbs.com/60e2530d54f2a0d278bad7b3284cdef5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4095252946433820","authorIdStr":"4095252946433820"},"htmlText":"Why total silence about the Apple car project ? Silence doesn't mean people will forget !&nbsp;[Grin]&nbsp;[Sly]&nbsp;","listText":"Why total silence about the Apple car project ? Silence doesn't mean people will forget !&nbsp;[Grin]&nbsp;[Sly]&nbsp;","text":"Why total silence about the Apple car project ? Silence doesn't mean people will forget ! [Grin] [Sly]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041002824","repostId":1135794234,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9043722128,"gmtCreate":1655968907764,"gmtModify":1676535742394,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043722128","repostId":1135794234,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9043766480,"gmtCreate":1655967269140,"gmtModify":1676535742133,"author":{"id":"3557140772478650","authorId":"3557140772478650","name":"Silverone","avatar":"https://static.tigerbbs.com/c607a10a86c5096e3885a17e8211f25d","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":5,"crmLevelSwitch":1,"idStr":"3557140772478650","authorIdStr":"3557140772478650"},"htmlText":"Kk","listText":"Kk","text":"Kk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043766480","repostId":1135794234,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":75,"commentSize":11,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135794234"}