SharonWon
2022-11-28
$Apple(AAPL)$ With a diversified revenue stream, and an ability to adapt to new consumer trends, Apple (NASDAQ:AAPL) will always be one of the strong tech stocks to bet on. Even Warren Buffett once said he continues to invest in Apple because of its brand, ecosystem, and strong economic moat.

In addition, we have to consider that Apple is a global leader in innovation. Just look at the iPhone alone. First introduced to the public in 2007, it’s now one of the most popular mobile phones in the world, with a growing market share. Better, earnings have been solid.

The company just beat expectations on revenue and profits, and it showed that global demand for its products is still high. In its fourth quarter, the company’s revenue was up 8% to $90 billion. Mac sales were up 25% to $11.5 billion in the quarter. iPhone sales were up 10% to $42.6 billion. Operating income was up by 5% to $25 billion. EPS was up 4% to $1.29, putting it above expectations for $1.27.

Also, analysts, such as Deutsche Bank’s Sidney Ho, say Apple is trading at a reasonable valuation and has a buy rating with a price target of $175. Apple also carries a dividend yield of 0.66%, and it’s been aggressive with stock buybacks.

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Comments

  • zinglee
    2022-11-28
    zinglee
    Apple needs to have a strong qtr in order to continue propping up their share price. Given recent events, one might wonder if they’ll have to tighten the purse strings on buybacks.
  • pixiezz
    2022-11-28
    pixiezz
    I expect AAPL to be down 2% tomorrow tanking the market due to the Foxconn factory shut down. Brokerages are too chicken to downgrade until they reduce their exposure.
  • nimbly
    2022-11-28
    nimbly
    Apple will say or do anything to prop up their share price.
  • drandy
    2022-11-28
    drandy
    thanks for sharing 👍
  • lowmy
    2022-11-28
    lowmy
    What if they buy Manchester United?
  • Svengers19
    2022-11-28
    Svengers19
    Thanks for sharing
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