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03-21

Will Nvidia go Bullish? $NVIDIA Corp(NVDA)$ https://www.tipranks.com/news/article/isnt-nvidia-nasdaqnvda-stock-overvalued-not-quite

2022-03-04

👏🏻👏🏻👏🏻 everyone pls hold and wait for it to go to the moon 🌝

Tesla Germany Plant Receives Conditional License to Start Production

2022-03-04

👍

Tesla Receives a Permit That Will Scare Its Rivals

2022-02-15

Yay 😁

Apple: Upgraded Price Target On Stronger Revenue Growth

2022-02-11

👍

Apple Stock: The Last Bear Has Given Up. Here's Why.

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Nvidia go Bullish?&nbsp; <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp; https://www.tipranks.com/news/article/isnt-nvidia-nasdaqnvda-stock-overvalued-not-quite","listText":"Will Nvidia go Bullish?&nbsp; <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp; https://www.tipranks.com/news/article/isnt-nvidia-nasdaqnvda-stock-overvalued-not-quite","text":"Will Nvidia go Bullish? $NVIDIA Corp(NVDA)$ 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🌝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031910691","repostId":"2216993463","repostType":2,"repost":{"id":"2216993463","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1646405466,"share":"https://www.laohu8.com/m/news/2216993463?lang=&edition=full","pubTime":"2022-03-04 22:51","market":"us","language":"en","title":"Tesla Germany Plant Receives Conditional License to Start Production","url":"https://stock-news.laohu8.com/highlight/detail?id=2216993463","media":"Reuters","summary":"BERLIN, March 4  - Teslahas received a conditional license to begin production at its electric vehiclefactory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours  per year - outstripping European competitors on both fronts.","content":"<html><head></head><body><p>BERLIN, March 4 (Reuters) - Tesla has received a conditional license to begin production at its electric vehicle factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.</p><p>The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours (GWh) per year - outstripping European competitors on both fronts.</p><p><img src=\"https://static.tigerbbs.com/1641f4e8982863575e623e1289d01a4a\" tg-width=\"843\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><p></p></body></html>","collect":0,"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>Tesla Germany Plant Receives Conditional License to Start Production</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{ 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}\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\">\nTesla Germany Plant Receives Conditional License to Start Production\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-04 22:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>BERLIN, March 4 (Reuters) - Tesla has received a conditional license to begin production at its electric vehicle factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.</p><p>The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours (GWh) per year - outstripping European competitors on both fronts.</p><p><img src=\"https://static.tigerbbs.com/1641f4e8982863575e623e1289d01a4a\" tg-width=\"843\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4555":"新能源车","BK4581":"高盛持仓","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4527":"明星科技股","BK4574":"无人驾驶","BK4534":"瑞士信贷持仓","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216993463","content_text":"BERLIN, March 4 (Reuters) - Tesla has received a conditional license to begin production at its electric vehicle factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours (GWh) per year - outstripping European competitors on both fronts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033757345,"gmtCreate":1646364803763,"gmtModify":1676534122878,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033757345","repostId":"1103098669","repostType":2,"repost":{"id":"1103098669","pubTimestamp":1646363571,"share":"https://www.laohu8.com/m/news/1103098669?lang=&edition=full","pubTime":"2022-03-04 11:12","market":"us","language":"en","title":"Tesla Receives a Permit That Will Scare Its Rivals","url":"https://stock-news.laohu8.com/highlight/detail?id=1103098669","media":"TheStreet","summary":"Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come","content":"<html><head></head><body><p>Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true.</p><p>Tesla (<b>TSLA</b>) and Chief Executive Elon Musk are officially very close to starting production of cars at their Berlin-based European factory.</p><p>After several months of uncertainty, a key German regulator has approved the Austin EV manufacturer&#39;s request, according to the German business newspaperHandelsblatt.</p><p>Tesla has been waiting for several months for a permit from the German authorities to start manufacturing vehicles in this gigafactory, which will primarily serve the European market.</p><p>The company won final approval from the Brandenburg state environment office. Brandenburg State Premier Dietmar Woidke would comment on details of the approval decision at a news conference in Potsdam on Friday, Handelsblatt reported.</p><p><b>Tesla Isn&#39;t Alone in Expanding Overseas</b></p><p>This news comes as Lucid Group (<b>LCID</b>), one of Tesla&#39;s main competitors,has just announced an agreement with Saudi Arabia to start construction of its first international factory in the Kingdom during the current first half. The company expects to manufacture as many as 150,000 vehicles a year at the facility.</p><p>Lucid and its luxury electric sedans are considered one of Tesla&#39;s most serious rivals. There is no doubt that with the support of Saudi Arabia, which is also a shareholder, the Newark, Calif., manufacturer has the financial means for its ambitions.</p><p><img src=\"https://static.tigerbbs.com/2ec511d75fc933be230a8ebef4213783\" tg-width=\"1200\" tg-height=\"800\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Tesla, which disbanded its communications department last year, did not immediately respond to a request for comment from TheStreet.</p><p>The state environment ministry recently said that Tesla would have to meet further requirements and provide evidence before the plan could go into operation, according to the newspaper, which doesn&#39;t provide more details.</p><p>Early action is possible if nothing fundamentally speaks against the project and the investor implements it at its own risk.</p><p><b>Environmental Objections and Drought</b></p><p>Construction on the gigafactory started two years ago in Grunheide, about an hour southeast of Berlin. Musk had hoped to start production on July 1 last year, but the approval process dragged on, in part because Tesla expanded initial plans to include a battery factory. That led to further hearings.</p><p>Until the beginning of February, the timing of the final approval by the state of Brandenburg was still unclear because environmentalists still objected, as TheStreet&#39;s Tony Owusuwrote.</p><p>Due to prolonged droughts in eastern Germany -- even while the west of the country has seen floods -- Berlin may be missing the good old days of excess groundwater, environmentalists argued.</p><p>Tesla was warned of this dynamic, but when Musk was asked last year whether constructing his factory in Brandenburg would deplete the area&#39;s water supply, he broke out into laughter, calling the notion completely wrong.</p><p>But with this approval, the final hurdle has now been lifted.</p><p>Tesla plans to build the Model Y SUV at the plan. It is aiming to build up to 10,000 vehicles a week.</p><p>The company&#39;s plan to take a chunk of the European electric vehicle market rests on the shoulders of its Brandenburg plant and the $5.7 billion Tesla is spending to ramp production.</p><p>If the plant gets to full capacity, the 500,000 vehicles a year it will produce would more than double Germany&#39;s 2020 production of EVs.</p><p>Wall Street analysts have pinned their lofty stock-price targets partly on the success of Tesla&#39;s expansion in Germany.</p><p>Credit Suisse last month raised its share-price target to $1,025 from $830 based on optimism about Brandenburg, with analyst Dan Levy writing that the plant &#34;arguably serves as Tesla&#39;s most critical incremental source of capacity.&#34;</p><p>Levy called the German market &#34;ground zero for the global EV inflection.&#34;</p><p>Tesla produced 930,422 vehicles in 2021.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nTesla Receives a Permit That Will Scare Its Rivals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-04 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/tesla-receives-permit-that-will-scare-its-rivals><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true.Tesla (TSLA) and Chief Executive Elon Musk are officially very close to starting production of...</p>\n\n<a href=\"https://www.thestreet.com/technology/tesla-receives-permit-that-will-scare-its-rivals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/technology/tesla-receives-permit-that-will-scare-its-rivals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103098669","content_text":"Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true.Tesla (TSLA) and Chief Executive Elon Musk are officially very close to starting production of cars at their Berlin-based European factory.After several months of uncertainty, a key German regulator has approved the Austin EV manufacturer's request, according to the German business newspaperHandelsblatt.Tesla has been waiting for several months for a permit from the German authorities to start manufacturing vehicles in this gigafactory, which will primarily serve the European market.The company won final approval from the Brandenburg state environment office. Brandenburg State Premier Dietmar Woidke would comment on details of the approval decision at a news conference in Potsdam on Friday, Handelsblatt reported.Tesla Isn't Alone in Expanding OverseasThis news comes as Lucid Group (LCID), one of Tesla's main competitors,has just announced an agreement with Saudi Arabia to start construction of its first international factory in the Kingdom during the current first half. The company expects to manufacture as many as 150,000 vehicles a year at the facility.Lucid and its luxury electric sedans are considered one of Tesla's most serious rivals. There is no doubt that with the support of Saudi Arabia, which is also a shareholder, the Newark, Calif., manufacturer has the financial means for its ambitions.Tesla, which disbanded its communications department last year, did not immediately respond to a request for comment from TheStreet.The state environment ministry recently said that Tesla would have to meet further requirements and provide evidence before the plan could go into operation, according to the newspaper, which doesn't provide more details.Early action is possible if nothing fundamentally speaks against the project and the investor implements it at its own risk.Environmental Objections and DroughtConstruction on the gigafactory started two years ago in Grunheide, about an hour southeast of Berlin. Musk had hoped to start production on July 1 last year, but the approval process dragged on, in part because Tesla expanded initial plans to include a battery factory. That led to further hearings.Until the beginning of February, the timing of the final approval by the state of Brandenburg was still unclear because environmentalists still objected, as TheStreet's Tony Owusuwrote.Due to prolonged droughts in eastern Germany -- even while the west of the country has seen floods -- Berlin may be missing the good old days of excess groundwater, environmentalists argued.Tesla was warned of this dynamic, but when Musk was asked last year whether constructing his factory in Brandenburg would deplete the area's water supply, he broke out into laughter, calling the notion completely wrong.But with this approval, the final hurdle has now been lifted.Tesla plans to build the Model Y SUV at the plan. It is aiming to build up to 10,000 vehicles a week.The company's plan to take a chunk of the European electric vehicle market rests on the shoulders of its Brandenburg plant and the $5.7 billion Tesla is spending to ramp production.If the plant gets to full capacity, the 500,000 vehicles a year it will produce would more than double Germany's 2020 production of EVs.Wall Street analysts have pinned their lofty stock-price targets partly on the success of Tesla's expansion in Germany.Credit Suisse last month raised its share-price target to $1,025 from $830 based on optimism about Brandenburg, with analyst Dan Levy writing that the plant \"arguably serves as Tesla's most critical incremental source of capacity.\"Levy called the German market \"ground zero for the global EV inflection.\"Tesla produced 930,422 vehicles in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095146131,"gmtCreate":1644861055101,"gmtModify":1676533969043,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"Yay 😁&nbsp;","listText":"Yay 😁&nbsp;","text":"Yay 😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095146131","repostId":"1103464576","repostType":2,"repost":{"id":"1103464576","pubTimestamp":1644804581,"share":"https://www.laohu8.com/m/news/1103464576?lang=&edition=full","pubTime":"2022-02-14 10:09","market":"us","language":"en","title":"Apple: Upgraded Price Target On Stronger Revenue Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1103464576","media":"Seeking Alpha","summary":"SummarySince our previous coverage of Apple, we looked into its iPhone segment which had stellar gro","content":"<html><head></head><body><p>Summary</p><ul><li>Since our previous coverage of Apple, we looked into its iPhone segment which had stellar growth in 2021, and updated our outlook in the smartphone market.</li><li>We also delved into its growth segments including its Wearables, Home &amp; Accessories segment, in which we expect its AirPods and smartwatches to drive growth.</li><li>Another key growth segment is Services, in which we expect to continue leveraging Apple&#39;s massive installed base and grow its engagement across Apple TV+ and Apple Music.</li><li>We revised our valuation based on DCF with stronger revenue growth and obtained an increased price target from our previous analysis.</li></ul><p>When we last covered Apple Inc (AAPL) in September 2021, we forecasted Apple&#39;s revenue to grow by 26.9% for FY2021. Apple&#39;s actual revenue came in slightly higher at 33.26%, primarily due to a stellar fourth quarter on iPhone, Mac and Services growth. We previously forecasted revenue growth to normalize to around 8% for 2022 and beyond, which translated to a Hold rating with a price target of $142.95. However, following a huge revenue beat in the recent Q1, we delved deeper into Apple&#39;s segments to analyse their growth products. We determined that its Wearables, home and accessories segment and Services segment is still growing strongly and has reached a size capable to drive Apple&#39;s growth going forward.</p><p>Specifically, its AirPods and smartwatch business is driving growth for the Wearables, home and accessories segment with an average sales unit growth rate of 98.3% (3-year) and 40.7% (5-year) respectively. Whereas for the Services segment, Apple TV+ and Apple Music have an average growth rate of 47.2% and 46.8%. Moreover, we also analysed its main iPhone segment and examined its growth drivers following the strong year of growth and updated our previous model for its growth projection. This gives us an increase in our revenue forecast to 11.1% in 2022. When we incorporated a higher revenue growth with our DCF model, it gives us an upside of 5.13%. Hence, we are maintaining our rating on Apple to a Hold.</p><p><b>iPhone Revenue Expected to Continue Growing Steadily</b></p><p><img src=\"https://static.tigerbbs.com/45d411855b07cf69da83729013f63232\" tg-width=\"481\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/><i>Source:IDC,Counterpoint Research</i></p><p>Based on smartphone market data by IDC and Counterpoint Research, Apple&#39;s market share has been fairly stable with a unit shipment CAGR of 2.52% in the past 5 years compared to the total market shipments CAGR of -0.94%. In comparison, Samsung&#39;s shipment CAGR was -2.57% while the Chinese smartphone makers grew strongly Xiaomi (25.62%), Oppo (10.68%) and Vivo (9.22%). On the other hand, Huawei lost market share and the remaining smartphone makers categorized as Others grew their share from Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2af65eef0d84f01a0790a56ad341646b\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: IDC, Counterpoint Research</i></p><p>Huawei&#39;s downfall came as US sanctions affect edits smartphone business and it was also pressured tosellHonor in Q4 2020. Meanwhile, according to quarterly data from Omdia, other brands including Motorola (MSI), Realme and Techno grew strongly, outpacing the market. In the first 9 months of 2021 compared to the first 9 months of the year 2020, they grew by 51.7% (Motorola), 40.7% (Realme), and 40% (Techno). We believe this indicates no change in the threat of new entrants but increased competitive rivalry. For Realme, the company grew rapidly in the Chinese market, beating all of its peers but remains relatively small. According to Counterpoint Research, Motorolabenefittedfrom the exit of LG&#39;s smartphone business. Whereas Technofocusedon affordable phones for the African market which it leads.</p><p>Beyond that, the IDCforecaststhe smartphone market to grow at a 5-year CAGR of 3.5%. Apple previously launched its new iPhone 13 lineup in September 2021. According to a consumer survey by JP Morgan (JPM), the results showed strong interest in the iPhone 13 with 65% of iPhone users indicating their interest to switch to the new model while 50% of Android users were interested in switching to the iPhone. Additionally, smartphone brand loyaltyfor Apple stood at 90% according to Consumer Intelligence Research Partners, the highest among competitors such as Motorola, Samsung and LG. Furthermore, a survey by SellCell highlighted the top reasons for Android users to switch to iPhone include longer software support at 51.4% followed by Apple ecosystem benefits at 23.8%. Based on Statista, iPhone software support has increased to support previous models as old as 7 years for iOS 15. Compared to Android smartphones, this is longer than Samsung(at least 4 years),Xiaomi(at least 2 years),Oppo(4 years) and Vivo(3 years).</p><p>Therefore, with the robust interest on the iPhone and brand loyalty, we expect the company to strengthen its market position. To project the smartphone market share, we forecasted Apple, Samsung, Xiaomi and Oppo&#39;s shipment growth based on the market CAGR of 3.5% by the IDC on top of the difference between their average 5-year average growth and the market growth. For Apple, based on its 5-year average growth (1.6%) and the market&#39;s growth (-1.6%), we get a positive difference of 3.2% which we added to the market CAGR of 3.5% for a total shipment growth rate forecast of 6.7%.</p><p><img src=\"https://static.tigerbbs.com/91132bf248d97fcda0c820e270710600\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: IDC, Khaveen Investments</i></p><p>Further, we factored in an average revenue per unit (ARPU) growth assumption based on our previous analysis where we forecasted a growth rate of 1.3%.</p><p><img src=\"https://static.tigerbbs.com/08157acdb51a7d272dd01be499c2339d\" tg-width=\"619\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><i>* c = a x b /1000</i></p><p><i>Source: Apple, Statista, Khaveen Investments</i></p><p>All in all, we see the smartphone market with increased competitive rivalry as smaller brands grew rapidly but the threat of new entrants unchanged. As the smartphone market is forecasted to grow steadily, we see Apple strengthening its market positioning with its strong iPhone product lineup and robust consumer interest in its products while brand loyalty remains very high. With this, we expect the company to gain market share and projected its revenues to grow based on shipments and ARPU growth.</p><p><b>Wearables, Home and Accessories Segment Growth Supported by Watch and AirPods</b></p><p>Based on Apple&#39;s revenue segment breakdown, its Wearables, Home and Accessories segment is its highest growth in the past 7 years at 24.6%.</p><p><img src=\"https://static.tigerbbs.com/d85dd58ec38d224ab5c89b560896365b\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: Apple</i></p><p>According to its annual report, the segment&#39;s products include AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. We estimated the segment revenue breakdown in 2021 with prorated unit shipment data and estimated prices based on average listed prices in the table below.&#39;</p><p><img src=\"https://static.tigerbbs.com/011eb630b82f46079d3825332045e424\" tg-width=\"625\" tg-height=\"271\" referrerpolicy=\"no-referrer\"/><i>Source:Apple,Strategy Analytics,Canalys, TheVerge,TechRadar, Khaveen Investments</i></p><p>Based on data from the BusinessofApp, its AirPods, smartwatch and Homepod have an average shipments growth rate of 98.3% (3-year), 40.7% (5-year) and 53.3% (2-year) respectively. However, its AirPods and smartwatch are its key revenue contributors.</p><p>Apple is the market leader in the smartwatch market with a 52.5% market share of shipments in Q3 2021 based on Strategy Analytics. According to Valuates Report, the smart watch market was $19.07 bln in 2020 and is forecasted to grow at a CAGR of 20.5% through 2027. On the other hand, the earphones and headphones market was $29.04 bln in 2020 with a CAGR of 19.4% projected by Verified Market Research through 2028, translating to a market share of 56.8% based on our estimated revenues of its AirPods.</p><p>Apple highlighted its commitment to AirPods with the recent launch of its 3rd generation AirPods in October 2021 with changes to its design and improved battery life. According to SellCell, 12.9% of iPhone users in a survey indicated their interest in buying the AirPods 3. Furthermore, according to the IDC, the company&#39;s AirPods are deeply integrated with other Apple ecosystem services such as Apple Music and Apple Fitness+. Apple also provides customers buying AirPods with free access to Apple Music for 6 months.</p><p>Moreover, in terms of its Apple Watch 7 which launched in 2021, 33.62% of respondents indicated their interest in buying the Apple Watch 7. Apple&#39;s apps such as Fitness+ is integrated with the device and customers also get 3 months of free access to it when they purchase the device. Thus, we believe that its latest AirPods and smartwatch products supported by strong consumer interest could continue to drive growth for the company.</p><p>We projected its segment growth based on our estimated revenue breakdown for the company with the market forecast CAGR for the smartwatch, earphones and headphones and smart speaker market.</p><p><img src=\"https://static.tigerbbs.com/96a2c798086f494dd485027027e29905\" tg-width=\"619\" tg-height=\"436\" referrerpolicy=\"no-referrer\"/><i>Source: Apple, Valuates Report, Verified Market Research,Emergen Research, Khaveen Investments</i></p><p>As the segment with the highest average growth rate in the past 7 years, we expect its AirPods and smartwatch to continue to drive its growth as the largest contributor to our estimated revenues. This is as the company updated its product line up with strong consumer interest indicated. Also, we expect its products to benefit from the Apple ecosystem of complementary services such as Fitness+ and Apple Music.</p><p><b>Services Business as Another Growth Engine</b></p><p>Besides its Wearables, Home and Accessories segment, the company&#39;s Services business is its second fastest growing segment with an average growth rate of 21.1% in the past 7 years. In our previous analysis on the company, we believed that the company&#39;s services growth could continue to grow leveraging its massive installed base. Also, we cited the estimated service revenue breakdown by Trefis. We maintain our view of the business growing by leveraging its user base and increasing consumer engagement.</p><p>According to data from the BusinessofApps, Apple TV+ and Apple Music are two of the Services business highest growth in terms of subscribers at an average of 46.8% for Apple Music since 2016 and 47.2% for Apple TV+ from 2020. Apple TV+ is a subscription streaming service launched in 2019 featuring original content from the company at a price of $5 per month with a reported user base of 40 mln accounts. In terms of market share, Apple TV+ is the sixth largest in the US with a market share rising to 5% in Q4 2021.</p><p><img src=\"https://static.tigerbbs.com/93bf5333c94327140e239ec094b3a796\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source:JustWatch</i></p><p>According to Apple&#39;s website, it provides customers who purchase new Apple devices including iPhone, iPad and Mac with 3 months of free access to Apple TV+. We believe that this highlights its strategy to leverage its installed base to grow its Services business. While Apple TV+ is still relatively new, we believe that this strategy could allow the company to further expand and gain market share.</p><p>Moreover, for Apple Music, the company trails behind market leader Spotify(NYSE:SPOT)with a share of 31% in Q2 2021 compared to 15% for Apple according to MIDiA. Appleprovidesnew AirPods, HomePod Mini and Beats customers with 6 months of free access to the service. Furthermore, the company has continued to improve its music platform in 2021 in terms of sound quality with the addition of Spatial Audio with Dolby Atmos and Lossless Audio for 75 mln of songs for subscribers at no extra cost.</p><blockquote>Apple Music is making its biggest advancement ever in sound quality. -Oliver Schusser, Apple&#39;s vice president of Apple Music and Beats.</blockquote><p>Thus, we continue to expect its services revenue to grow with a rising installed base and increasing engagement. We updated our projections for its services revenue based on an average 6-year installed base growth rate of 9.9% but at an average decelerating rate of -4.2% with revenue per user growth based on a 6-year average.</p><p><img src=\"https://static.tigerbbs.com/cca43b9a50262ae22c797b4389286762\" tg-width=\"647\" tg-height=\"391\" referrerpolicy=\"no-referrer\"/><i>* c = a x b</i></p><p><i>Source: Apple, Khaveen Investments</i></p><p>Hence, we expect its Services revenues to continue growing by leveraging its massive installed base which we expect to reach 2.8 bln by 2026 in addition to a revenue per device growth assumption. We believe this is supported by its marketing initiatives such as the free access to its services provided to new customers as well as increasing engagement through platform enhancements.</p><p><b>Risk: Wireless Earphones Competition Heating Up</b></p><p>In Apple&#39;s Wearables, home and accessories segment, its AirPods is facing increasing competition from other brands including Xiaomi, Samsung and JBL (JBL). Based on Counterpoint Research&#39;smarket share of true wireless stereo (TWS), Apple&#39;s sales market share declined by 12% in Q2 2021 compared to the previous year while Xiaomi, Samsung, JBL, QCY and boAt gained share. According to Counterpoint Research, Samsunggainedmarket share in the premium segment while Xiaomi has an advantage with its focus on the lower price range segment (below $100). Moreover, in CES 2022, several new products were announced from brands such as Jabra, JBL, Belkin and JLab. Thus, we believe this indicates growing competition in the market and could affect Apple&#39;s AirPods growth outlook which we estimate to account for 51.3% of the segment&#39;s revenue but we expect it to remain competitive with its new 3rd generation AirPods with improved battery life and audio features as discussed in the point above.</p><p><b>Valuation</b></p><p>To value the company, we used a DCF valuation as we expect the company to continue generating strong positive free cash flows. We based our terminal value on the weightage average of the software and hardware industry average EV/EBITDA based on its product and services revenues.</p><p><img src=\"https://static.tigerbbs.com/f01291f7c330f1c85929cd4640e54fca\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: Seeking Alpha, Khaveen Investments</i></p><p><img src=\"https://static.tigerbbs.com/2479d42d9ae580a26e225c457ecdf6ca\" tg-width=\"622\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/><i>Source: Apple, Khaveen Investments</i></p><p>We summarised our updated revenue projections from the previous analysis. Our iPhone segment growth forecast is adjusted taking into account market share gain assumptions. Whereas the Wearables, home and accessories segment is based on the forecasted market CAGR. Lastly, the Services business growth is updated as we continue to expect it to grow by leveraging its installed base.</p><p>Based on a discount rate of 15.5% (company&#39;s WACC), our model shows an upside of 5.13%.</p><p><img src=\"https://static.tigerbbs.com/a880eef6c7a352ff55bc985171c7d5a4\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><b>Verdict</b></p><p>Following a year of robust growth for Apple, we expect the company&#39;s future growth to be driven by its iPhone, Wearables, Home and Accessories and Services segments. As we see the competitive rivalry in the smartphone market heating up, we believe Apple stands to strengthen its market position with its strong interest in its iPhones and unwavering brand loyalty. Moreover, looking into the revenue breakdown for its Wearables, Home, and Accessories segment, we expect its AirPods and smartwatch businesses to continue driving growth with a strong interest in its product development. Finally, we also see its Services business as a key driver of growth leveraging its massive installed base and increasing consumer engagement with Apple TV+ and Apple Music. We adjusted our revenue growth and obtained a revised price target. However, considering the jump in Apple&#39;s price post-earnings, our rating remains as a<i>Hold</i>with a target price of <i>$180.46.</i></p></body></html>","collect":0,"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: Upgraded Price Target On Stronger Revenue Growth</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: Upgraded Price Target On Stronger Revenue Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 10:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4486671-apple-stock-price-target-upgraded-stronger-revenue-growth><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySince our previous coverage of Apple, we looked into its iPhone segment which had stellar growth in 2021, and updated our outlook in the smartphone market.We also delved into its growth ...</p>\n\n<a href=\"https://seekingalpha.com/article/4486671-apple-stock-price-target-upgraded-stronger-revenue-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4486671-apple-stock-price-target-upgraded-stronger-revenue-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103464576","content_text":"SummarySince our previous coverage of Apple, we looked into its iPhone segment which had stellar growth in 2021, and updated our outlook in the smartphone market.We also delved into its growth segments including its Wearables, Home & Accessories segment, in which we expect its AirPods and smartwatches to drive growth.Another key growth segment is Services, in which we expect to continue leveraging Apple's massive installed base and grow its engagement across Apple TV+ and Apple Music.We revised our valuation based on DCF with stronger revenue growth and obtained an increased price target from our previous analysis.When we last covered Apple Inc (AAPL) in September 2021, we forecasted Apple's revenue to grow by 26.9% for FY2021. Apple's actual revenue came in slightly higher at 33.26%, primarily due to a stellar fourth quarter on iPhone, Mac and Services growth. We previously forecasted revenue growth to normalize to around 8% for 2022 and beyond, which translated to a Hold rating with a price target of $142.95. However, following a huge revenue beat in the recent Q1, we delved deeper into Apple's segments to analyse their growth products. We determined that its Wearables, home and accessories segment and Services segment is still growing strongly and has reached a size capable to drive Apple's growth going forward.Specifically, its AirPods and smartwatch business is driving growth for the Wearables, home and accessories segment with an average sales unit growth rate of 98.3% (3-year) and 40.7% (5-year) respectively. Whereas for the Services segment, Apple TV+ and Apple Music have an average growth rate of 47.2% and 46.8%. Moreover, we also analysed its main iPhone segment and examined its growth drivers following the strong year of growth and updated our previous model for its growth projection. This gives us an increase in our revenue forecast to 11.1% in 2022. When we incorporated a higher revenue growth with our DCF model, it gives us an upside of 5.13%. Hence, we are maintaining our rating on Apple to a Hold.iPhone Revenue Expected to Continue Growing SteadilySource:IDC,Counterpoint ResearchBased on smartphone market data by IDC and Counterpoint Research, Apple's market share has been fairly stable with a unit shipment CAGR of 2.52% in the past 5 years compared to the total market shipments CAGR of -0.94%. In comparison, Samsung's shipment CAGR was -2.57% while the Chinese smartphone makers grew strongly Xiaomi (25.62%), Oppo (10.68%) and Vivo (9.22%). On the other hand, Huawei lost market share and the remaining smartphone makers categorized as Others grew their share from Q1 2021.Source: IDC, Counterpoint ResearchHuawei's downfall came as US sanctions affect edits smartphone business and it was also pressured tosellHonor in Q4 2020. Meanwhile, according to quarterly data from Omdia, other brands including Motorola (MSI), Realme and Techno grew strongly, outpacing the market. In the first 9 months of 2021 compared to the first 9 months of the year 2020, they grew by 51.7% (Motorola), 40.7% (Realme), and 40% (Techno). We believe this indicates no change in the threat of new entrants but increased competitive rivalry. For Realme, the company grew rapidly in the Chinese market, beating all of its peers but remains relatively small. According to Counterpoint Research, Motorolabenefittedfrom the exit of LG's smartphone business. Whereas Technofocusedon affordable phones for the African market which it leads.Beyond that, the IDCforecaststhe smartphone market to grow at a 5-year CAGR of 3.5%. Apple previously launched its new iPhone 13 lineup in September 2021. According to a consumer survey by JP Morgan (JPM), the results showed strong interest in the iPhone 13 with 65% of iPhone users indicating their interest to switch to the new model while 50% of Android users were interested in switching to the iPhone. Additionally, smartphone brand loyaltyfor Apple stood at 90% according to Consumer Intelligence Research Partners, the highest among competitors such as Motorola, Samsung and LG. Furthermore, a survey by SellCell highlighted the top reasons for Android users to switch to iPhone include longer software support at 51.4% followed by Apple ecosystem benefits at 23.8%. Based on Statista, iPhone software support has increased to support previous models as old as 7 years for iOS 15. Compared to Android smartphones, this is longer than Samsung(at least 4 years),Xiaomi(at least 2 years),Oppo(4 years) and Vivo(3 years).Therefore, with the robust interest on the iPhone and brand loyalty, we expect the company to strengthen its market position. To project the smartphone market share, we forecasted Apple, Samsung, Xiaomi and Oppo's shipment growth based on the market CAGR of 3.5% by the IDC on top of the difference between their average 5-year average growth and the market growth. For Apple, based on its 5-year average growth (1.6%) and the market's growth (-1.6%), we get a positive difference of 3.2% which we added to the market CAGR of 3.5% for a total shipment growth rate forecast of 6.7%.Source: IDC, Khaveen InvestmentsFurther, we factored in an average revenue per unit (ARPU) growth assumption based on our previous analysis where we forecasted a growth rate of 1.3%.* c = a x b /1000Source: Apple, Statista, Khaveen InvestmentsAll in all, we see the smartphone market with increased competitive rivalry as smaller brands grew rapidly but the threat of new entrants unchanged. As the smartphone market is forecasted to grow steadily, we see Apple strengthening its market positioning with its strong iPhone product lineup and robust consumer interest in its products while brand loyalty remains very high. With this, we expect the company to gain market share and projected its revenues to grow based on shipments and ARPU growth.Wearables, Home and Accessories Segment Growth Supported by Watch and AirPodsBased on Apple's revenue segment breakdown, its Wearables, Home and Accessories segment is its highest growth in the past 7 years at 24.6%.Source: AppleAccording to its annual report, the segment's products include AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. We estimated the segment revenue breakdown in 2021 with prorated unit shipment data and estimated prices based on average listed prices in the table below.'Source:Apple,Strategy Analytics,Canalys, TheVerge,TechRadar, Khaveen InvestmentsBased on data from the BusinessofApp, its AirPods, smartwatch and Homepod have an average shipments growth rate of 98.3% (3-year), 40.7% (5-year) and 53.3% (2-year) respectively. However, its AirPods and smartwatch are its key revenue contributors.Apple is the market leader in the smartwatch market with a 52.5% market share of shipments in Q3 2021 based on Strategy Analytics. According to Valuates Report, the smart watch market was $19.07 bln in 2020 and is forecasted to grow at a CAGR of 20.5% through 2027. On the other hand, the earphones and headphones market was $29.04 bln in 2020 with a CAGR of 19.4% projected by Verified Market Research through 2028, translating to a market share of 56.8% based on our estimated revenues of its AirPods.Apple highlighted its commitment to AirPods with the recent launch of its 3rd generation AirPods in October 2021 with changes to its design and improved battery life. According to SellCell, 12.9% of iPhone users in a survey indicated their interest in buying the AirPods 3. Furthermore, according to the IDC, the company's AirPods are deeply integrated with other Apple ecosystem services such as Apple Music and Apple Fitness+. Apple also provides customers buying AirPods with free access to Apple Music for 6 months.Moreover, in terms of its Apple Watch 7 which launched in 2021, 33.62% of respondents indicated their interest in buying the Apple Watch 7. Apple's apps such as Fitness+ is integrated with the device and customers also get 3 months of free access to it when they purchase the device. Thus, we believe that its latest AirPods and smartwatch products supported by strong consumer interest could continue to drive growth for the company.We projected its segment growth based on our estimated revenue breakdown for the company with the market forecast CAGR for the smartwatch, earphones and headphones and smart speaker market.Source: Apple, Valuates Report, Verified Market Research,Emergen Research, Khaveen InvestmentsAs the segment with the highest average growth rate in the past 7 years, we expect its AirPods and smartwatch to continue to drive its growth as the largest contributor to our estimated revenues. This is as the company updated its product line up with strong consumer interest indicated. Also, we expect its products to benefit from the Apple ecosystem of complementary services such as Fitness+ and Apple Music.Services Business as Another Growth EngineBesides its Wearables, Home and Accessories segment, the company's Services business is its second fastest growing segment with an average growth rate of 21.1% in the past 7 years. In our previous analysis on the company, we believed that the company's services growth could continue to grow leveraging its massive installed base. Also, we cited the estimated service revenue breakdown by Trefis. We maintain our view of the business growing by leveraging its user base and increasing consumer engagement.According to data from the BusinessofApps, Apple TV+ and Apple Music are two of the Services business highest growth in terms of subscribers at an average of 46.8% for Apple Music since 2016 and 47.2% for Apple TV+ from 2020. Apple TV+ is a subscription streaming service launched in 2019 featuring original content from the company at a price of $5 per month with a reported user base of 40 mln accounts. In terms of market share, Apple TV+ is the sixth largest in the US with a market share rising to 5% in Q4 2021.Source:JustWatchAccording to Apple's website, it provides customers who purchase new Apple devices including iPhone, iPad and Mac with 3 months of free access to Apple TV+. We believe that this highlights its strategy to leverage its installed base to grow its Services business. While Apple TV+ is still relatively new, we believe that this strategy could allow the company to further expand and gain market share.Moreover, for Apple Music, the company trails behind market leader Spotify(NYSE:SPOT)with a share of 31% in Q2 2021 compared to 15% for Apple according to MIDiA. Appleprovidesnew AirPods, HomePod Mini and Beats customers with 6 months of free access to the service. Furthermore, the company has continued to improve its music platform in 2021 in terms of sound quality with the addition of Spatial Audio with Dolby Atmos and Lossless Audio for 75 mln of songs for subscribers at no extra cost.Apple Music is making its biggest advancement ever in sound quality. -Oliver Schusser, Apple's vice president of Apple Music and Beats.Thus, we continue to expect its services revenue to grow with a rising installed base and increasing engagement. We updated our projections for its services revenue based on an average 6-year installed base growth rate of 9.9% but at an average decelerating rate of -4.2% with revenue per user growth based on a 6-year average.* c = a x bSource: Apple, Khaveen InvestmentsHence, we expect its Services revenues to continue growing by leveraging its massive installed base which we expect to reach 2.8 bln by 2026 in addition to a revenue per device growth assumption. We believe this is supported by its marketing initiatives such as the free access to its services provided to new customers as well as increasing engagement through platform enhancements.Risk: Wireless Earphones Competition Heating UpIn Apple's Wearables, home and accessories segment, its AirPods is facing increasing competition from other brands including Xiaomi, Samsung and JBL (JBL). Based on Counterpoint Research'smarket share of true wireless stereo (TWS), Apple's sales market share declined by 12% in Q2 2021 compared to the previous year while Xiaomi, Samsung, JBL, QCY and boAt gained share. According to Counterpoint Research, Samsunggainedmarket share in the premium segment while Xiaomi has an advantage with its focus on the lower price range segment (below $100). Moreover, in CES 2022, several new products were announced from brands such as Jabra, JBL, Belkin and JLab. Thus, we believe this indicates growing competition in the market and could affect Apple's AirPods growth outlook which we estimate to account for 51.3% of the segment's revenue but we expect it to remain competitive with its new 3rd generation AirPods with improved battery life and audio features as discussed in the point above.ValuationTo value the company, we used a DCF valuation as we expect the company to continue generating strong positive free cash flows. We based our terminal value on the weightage average of the software and hardware industry average EV/EBITDA based on its product and services revenues.Source: Seeking Alpha, Khaveen InvestmentsSource: Apple, Khaveen InvestmentsWe summarised our updated revenue projections from the previous analysis. Our iPhone segment growth forecast is adjusted taking into account market share gain assumptions. Whereas the Wearables, home and accessories segment is based on the forecasted market CAGR. Lastly, the Services business growth is updated as we continue to expect it to grow by leveraging its installed base.Based on a discount rate of 15.5% (company's WACC), our model shows an upside of 5.13%.VerdictFollowing a year of robust growth for Apple, we expect the company's future growth to be driven by its iPhone, Wearables, Home and Accessories and Services segments. As we see the competitive rivalry in the smartphone market heating up, we believe Apple stands to strengthen its market position with its strong interest in its iPhones and unwavering brand loyalty. Moreover, looking into the revenue breakdown for its Wearables, Home, and Accessories segment, we expect its AirPods and smartwatch businesses to continue driving growth with a strong interest in its product development. Finally, we also see its Services business as a key driver of growth leveraging its massive installed base and increasing consumer engagement with Apple TV+ and Apple Music. We adjusted our revenue growth and obtained a revised price target. However, considering the jump in Apple's price post-earnings, our rating remains as aHoldwith a target price of $180.46.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092135262,"gmtCreate":1644550043084,"gmtModify":1676533940268,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092135262","repostId":"1159941378","repostType":4,"repost":{"id":"1159941378","pubTimestamp":1644549307,"share":"https://www.laohu8.com/m/news/1159941378?lang=&edition=full","pubTime":"2022-02-11 11:15","market":"us","language":"en","title":"Apple Stock: The Last Bear Has Given Up. Here's Why. ","url":"https://stock-news.laohu8.com/highlight/detail?id=1159941378","media":"TheStreet","summary":"The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal","content":"<html><head></head><body><p>The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal Q1 earnings. Here is why.</p><p>New Street Research’s analyst Pierre Ferragu had been the lone wolf (or lone bear) on Wall Street. With a sell rating on Apple stock until the company’s most recent earnings report, he believed that AAPL could drop to as low as $90 per share.</p><p>But Mr. Ferragu has thrown in the towel and upgraded his views on Apple shares to neutral. Today, the Apple Maven looks at what caused the analyst to change his mind.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d8c6855a2deeb582eedec782f0a58529\" tg-width=\"1240\" tg-height=\"827\" width=\"100%\" height=\"auto\"/><span>Figure 1: Apple Stock: Why The Last Bear Has Finally Given Up</span></p><p><b>AAPL: from bear to neutral</b></p><p>New Street used to have a bearish rating on Apple, first and foremost, because of the iPhone. To be fair, the downbeat thesis did not seem outrageous.</p><p>First, the pandemic days drove demand for tech gadgets that resulted in Apple shipping a record number of 5G-capable smartphones in 2020 and early 2021. Pierre then compared the iPhone 13 to an “iPhone 12S cycle” that lacked the innovation needed to encourage consumers to buy the new model, following what could have been pulled-forward demand.</p><p>But the analyst’s convictions proved flawed on the back of another round of impressive iPhone sales in the 2021 holiday quarter. In fiscal Q1, iPhone revenues grew nearly 10% on top of already tough comps of 17%. As the graph below depicts, the segment has posted the best growth rates on a TTM (trailing twelve-month) basis.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ac32148a9043b56f8e77527a16caeba\" tg-width=\"758\" tg-height=\"504\" width=\"100%\" height=\"auto\"/><span>Figure 2: Apple&#39;s TTM revenue growth by major product segment.</span></p><p>Faced with the hard facts, Pierre was reasonable to admit that he had been wrong about his bearish thesis. In his own words, during his late January interview with CNBC:</p><blockquote>“What we saw in the last print was a very, very strong quarter and a very, very confident guide that goes head first against our thesis. The quality of demand for the iPhone today is something that is breaking our framework. There is something we are missing.”</blockquote><p><b>But why not bullish?</b></p><p>Giving up a bearish thesis does not mean that an analyst needs to be an Apple bull, necessarily. In fact, Pierre Ferragu explained that he does not have “any view that is in opposition to what you would find in consensus today. [So he feels] that the stock is reasonably valued”.</p><p>The CNBC host pressed the analyst further, asking about what could make the analyst turn bullish on Apple stock. He elaborated as follows:</p><blockquote>“We don’t think there is anything mispriced, [...] this is not an investment for which we would pound the table. What would make us change our minds [...] are the next steps for Apple, which are the AR/VR headset and the car.”</blockquote><p>But don’t hold your breath. Pierre thinks that “the next big thing” opportunities are still very open-ended in regards to breath and depth. Also, he thinks that the growth ramp up should not be very steep, therefore investors need not rush into the stock ahead of it.</p><p><b>The Apple Maven’s take</b></p><p>Despite being a cautious bull myself, I always appreciate the bearish perspective. By losing the last analyst with a sell rating on Apple, Wall Street becomes overwhelmingly optimistic about an investment in the stock, which can be a bit dangerous if it creates overconfidence.</p><p>That said, Pierre Ferragu has clearly been on the wrong side of the trade for too long. His old $90 price target suggested that Apple stock could have dropped by more than 40% from the pre-earnings price of $160. Clearly to me, this was all but impossible to happen with a high-quality company executing as well as Apple has been lately.</p><p>New Street Research’s current price target of $165, still suggesting 6% downside risk, is much more reasonable and consistent with valuations that currently hover near an all-time high. That said, I still find the price projection a bit conservative, as I think Apple stock should rise — even if not viciously — from its current $175 levels over the next 12 months.</p></body></html>","collect":0,"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 Stock: The Last Bear Has Given Up. Here's Why. </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 Stock: The Last Bear Has Given Up. Here's Why. \n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-why-the-last-bear-has-finally-given-up><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal Q1 earnings. Here is why.New Street Research’s analyst Pierre Ferragu had been the lone wolf (or ...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-why-the-last-bear-has-finally-given-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-why-the-last-bear-has-finally-given-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159941378","content_text":"The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal Q1 earnings. Here is why.New Street Research’s analyst Pierre Ferragu had been the lone wolf (or lone bear) on Wall Street. With a sell rating on Apple stock until the company’s most recent earnings report, he believed that AAPL could drop to as low as $90 per share.But Mr. Ferragu has thrown in the towel and upgraded his views on Apple shares to neutral. Today, the Apple Maven looks at what caused the analyst to change his mind.Figure 1: Apple Stock: Why The Last Bear Has Finally Given UpAAPL: from bear to neutralNew Street used to have a bearish rating on Apple, first and foremost, because of the iPhone. To be fair, the downbeat thesis did not seem outrageous.First, the pandemic days drove demand for tech gadgets that resulted in Apple shipping a record number of 5G-capable smartphones in 2020 and early 2021. Pierre then compared the iPhone 13 to an “iPhone 12S cycle” that lacked the innovation needed to encourage consumers to buy the new model, following what could have been pulled-forward demand.But the analyst’s convictions proved flawed on the back of another round of impressive iPhone sales in the 2021 holiday quarter. In fiscal Q1, iPhone revenues grew nearly 10% on top of already tough comps of 17%. As the graph below depicts, the segment has posted the best growth rates on a TTM (trailing twelve-month) basis.Figure 2: Apple's TTM revenue growth by major product segment.Faced with the hard facts, Pierre was reasonable to admit that he had been wrong about his bearish thesis. In his own words, during his late January interview with CNBC:“What we saw in the last print was a very, very strong quarter and a very, very confident guide that goes head first against our thesis. The quality of demand for the iPhone today is something that is breaking our framework. There is something we are missing.”But why not bullish?Giving up a bearish thesis does not mean that an analyst needs to be an Apple bull, necessarily. In fact, Pierre Ferragu explained that he does not have “any view that is in opposition to what you would find in consensus today. [So he feels] that the stock is reasonably valued”.The CNBC host pressed the analyst further, asking about what could make the analyst turn bullish on Apple stock. He elaborated as follows:“We don’t think there is anything mispriced, [...] this is not an investment for which we would pound the table. What would make us change our minds [...] are the next steps for Apple, which are the AR/VR headset and the car.”But don’t hold your breath. Pierre thinks that “the next big thing” opportunities are still very open-ended in regards to breath and depth. Also, he thinks that the growth ramp up should not be very steep, therefore investors need not rush into the stock ahead of it.The Apple Maven’s takeDespite being a cautious bull myself, I always appreciate the bearish perspective. By losing the last analyst with a sell rating on Apple, Wall Street becomes overwhelmingly optimistic about an investment in the stock, which can be a bit dangerous if it creates overconfidence.That said, Pierre Ferragu has clearly been on the wrong side of the trade for too long. His old $90 price target suggested that Apple stock could have dropped by more than 40% from the pre-earnings price of $160. Clearly to me, this was all but impossible to happen with a high-quality company executing as well as Apple has been lately.New Street Research’s current price target of $165, still suggesting 6% downside risk, is much more reasonable and consistent with valuations that currently hover near an all-time high. That said, I still find the price projection a bit conservative, as I think Apple stock should rise — even if not viciously — from its current $175 levels over the next 12 months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9033757345,"gmtCreate":1646364803763,"gmtModify":1676534122878,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033757345","repostId":"1103098669","repostType":2,"repost":{"id":"1103098669","pubTimestamp":1646363571,"share":"https://www.laohu8.com/m/news/1103098669?lang=&edition=full","pubTime":"2022-03-04 11:12","market":"us","language":"en","title":"Tesla Receives a Permit That Will Scare Its Rivals","url":"https://stock-news.laohu8.com/highlight/detail?id=1103098669","media":"TheStreet","summary":"Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come","content":"<html><head></head><body><p>Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true.</p><p>Tesla (<b>TSLA</b>) and Chief Executive Elon Musk are officially very close to starting production of cars at their Berlin-based European factory.</p><p>After several months of uncertainty, a key German regulator has approved the Austin EV manufacturer&#39;s request, according to the German business newspaperHandelsblatt.</p><p>Tesla has been waiting for several months for a permit from the German authorities to start manufacturing vehicles in this gigafactory, which will primarily serve the European market.</p><p>The company won final approval from the Brandenburg state environment office. Brandenburg State Premier Dietmar Woidke would comment on details of the approval decision at a news conference in Potsdam on Friday, Handelsblatt reported.</p><p><b>Tesla Isn&#39;t Alone in Expanding Overseas</b></p><p>This news comes as Lucid Group (<b>LCID</b>), one of Tesla&#39;s main competitors,has just announced an agreement with Saudi Arabia to start construction of its first international factory in the Kingdom during the current first half. The company expects to manufacture as many as 150,000 vehicles a year at the facility.</p><p>Lucid and its luxury electric sedans are considered one of Tesla&#39;s most serious rivals. There is no doubt that with the support of Saudi Arabia, which is also a shareholder, the Newark, Calif., manufacturer has the financial means for its ambitions.</p><p><img src=\"https://static.tigerbbs.com/2ec511d75fc933be230a8ebef4213783\" tg-width=\"1200\" tg-height=\"800\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Tesla, which disbanded its communications department last year, did not immediately respond to a request for comment from TheStreet.</p><p>The state environment ministry recently said that Tesla would have to meet further requirements and provide evidence before the plan could go into operation, according to the newspaper, which doesn&#39;t provide more details.</p><p>Early action is possible if nothing fundamentally speaks against the project and the investor implements it at its own risk.</p><p><b>Environmental Objections and Drought</b></p><p>Construction on the gigafactory started two years ago in Grunheide, about an hour southeast of Berlin. Musk had hoped to start production on July 1 last year, but the approval process dragged on, in part because Tesla expanded initial plans to include a battery factory. That led to further hearings.</p><p>Until the beginning of February, the timing of the final approval by the state of Brandenburg was still unclear because environmentalists still objected, as TheStreet&#39;s Tony Owusuwrote.</p><p>Due to prolonged droughts in eastern Germany -- even while the west of the country has seen floods -- Berlin may be missing the good old days of excess groundwater, environmentalists argued.</p><p>Tesla was warned of this dynamic, but when Musk was asked last year whether constructing his factory in Brandenburg would deplete the area&#39;s water supply, he broke out into laughter, calling the notion completely wrong.</p><p>But with this approval, the final hurdle has now been lifted.</p><p>Tesla plans to build the Model Y SUV at the plan. It is aiming to build up to 10,000 vehicles a week.</p><p>The company&#39;s plan to take a chunk of the European electric vehicle market rests on the shoulders of its Brandenburg plant and the $5.7 billion Tesla is spending to ramp production.</p><p>If the plant gets to full capacity, the 500,000 vehicles a year it will produce would more than double Germany&#39;s 2020 production of EVs.</p><p>Wall Street analysts have pinned their lofty stock-price targets partly on the success of Tesla&#39;s expansion in Germany.</p><p>Credit Suisse last month raised its share-price target to $1,025 from $830 based on optimism about Brandenburg, with analyst Dan Levy writing that the plant &#34;arguably serves as Tesla&#39;s most critical incremental source of capacity.&#34;</p><p>Levy called the German market &#34;ground zero for the global EV inflection.&#34;</p><p>Tesla produced 930,422 vehicles in 2021.</p></body></html>","collect":0,"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>Tesla Receives a Permit That Will Scare Its Rivals</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\">\nTesla Receives a Permit That Will Scare Its Rivals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-04 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/tesla-receives-permit-that-will-scare-its-rivals><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true.Tesla (TSLA) and Chief Executive Elon Musk are officially very close to starting production of...</p>\n\n<a href=\"https://www.thestreet.com/technology/tesla-receives-permit-that-will-scare-its-rivals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/technology/tesla-receives-permit-that-will-scare-its-rivals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103098669","content_text":"Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true.Tesla (TSLA) and Chief Executive Elon Musk are officially very close to starting production of cars at their Berlin-based European factory.After several months of uncertainty, a key German regulator has approved the Austin EV manufacturer's request, according to the German business newspaperHandelsblatt.Tesla has been waiting for several months for a permit from the German authorities to start manufacturing vehicles in this gigafactory, which will primarily serve the European market.The company won final approval from the Brandenburg state environment office. Brandenburg State Premier Dietmar Woidke would comment on details of the approval decision at a news conference in Potsdam on Friday, Handelsblatt reported.Tesla Isn't Alone in Expanding OverseasThis news comes as Lucid Group (LCID), one of Tesla's main competitors,has just announced an agreement with Saudi Arabia to start construction of its first international factory in the Kingdom during the current first half. The company expects to manufacture as many as 150,000 vehicles a year at the facility.Lucid and its luxury electric sedans are considered one of Tesla's most serious rivals. There is no doubt that with the support of Saudi Arabia, which is also a shareholder, the Newark, Calif., manufacturer has the financial means for its ambitions.Tesla, which disbanded its communications department last year, did not immediately respond to a request for comment from TheStreet.The state environment ministry recently said that Tesla would have to meet further requirements and provide evidence before the plan could go into operation, according to the newspaper, which doesn't provide more details.Early action is possible if nothing fundamentally speaks against the project and the investor implements it at its own risk.Environmental Objections and DroughtConstruction on the gigafactory started two years ago in Grunheide, about an hour southeast of Berlin. Musk had hoped to start production on July 1 last year, but the approval process dragged on, in part because Tesla expanded initial plans to include a battery factory. That led to further hearings.Until the beginning of February, the timing of the final approval by the state of Brandenburg was still unclear because environmentalists still objected, as TheStreet's Tony Owusuwrote.Due to prolonged droughts in eastern Germany -- even while the west of the country has seen floods -- Berlin may be missing the good old days of excess groundwater, environmentalists argued.Tesla was warned of this dynamic, but when Musk was asked last year whether constructing his factory in Brandenburg would deplete the area's water supply, he broke out into laughter, calling the notion completely wrong.But with this approval, the final hurdle has now been lifted.Tesla plans to build the Model Y SUV at the plan. It is aiming to build up to 10,000 vehicles a week.The company's plan to take a chunk of the European electric vehicle market rests on the shoulders of its Brandenburg plant and the $5.7 billion Tesla is spending to ramp production.If the plant gets to full capacity, the 500,000 vehicles a year it will produce would more than double Germany's 2020 production of EVs.Wall Street analysts have pinned their lofty stock-price targets partly on the success of Tesla's expansion in Germany.Credit Suisse last month raised its share-price target to $1,025 from $830 based on optimism about Brandenburg, with analyst Dan Levy writing that the plant \"arguably serves as Tesla's most critical incremental source of capacity.\"Levy called the German market \"ground zero for the global EV inflection.\"Tesla produced 930,422 vehicles in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031910691,"gmtCreate":1646407911209,"gmtModify":1676534126888,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"👏🏻👏🏻👏🏻 everyone pls&nbsp;hold and wait for it to go to the moon 🌝&nbsp;","listText":"👏🏻👏🏻👏🏻 everyone pls&nbsp;hold and wait for it to go to the moon 🌝&nbsp;","text":"👏🏻👏🏻👏🏻 everyone pls hold and wait for it to go to the moon 🌝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031910691","repostId":"2216993463","repostType":2,"repost":{"id":"2216993463","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1646405466,"share":"https://www.laohu8.com/m/news/2216993463?lang=&edition=full","pubTime":"2022-03-04 22:51","market":"us","language":"en","title":"Tesla Germany Plant Receives Conditional License to Start Production","url":"https://stock-news.laohu8.com/highlight/detail?id=2216993463","media":"Reuters","summary":"BERLIN, March 4  - Teslahas received a conditional license to begin production at its electric vehiclefactory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours  per year - outstripping European competitors on both fronts.","content":"<html><head></head><body><p>BERLIN, March 4 (Reuters) - Tesla has received a conditional license to begin production at its electric vehicle factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.</p><p>The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours (GWh) per year - outstripping European competitors on both fronts.</p><p><img src=\"https://static.tigerbbs.com/1641f4e8982863575e623e1289d01a4a\" tg-width=\"843\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><p></p></body></html>","collect":0,"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>Tesla Germany Plant Receives Conditional License to Start Production</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\">\nTesla Germany Plant Receives Conditional License to Start Production\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-04 22:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>BERLIN, March 4 (Reuters) - Tesla has received a conditional license to begin production at its electric vehicle factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.</p><p>The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours (GWh) per year - outstripping European competitors on both fronts.</p><p><img src=\"https://static.tigerbbs.com/1641f4e8982863575e623e1289d01a4a\" tg-width=\"843\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4555":"新能源车","BK4581":"高盛持仓","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4527":"明星科技股","BK4574":"无人驾驶","BK4534":"瑞士信贷持仓","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216993463","content_text":"BERLIN, March 4 (Reuters) - Tesla has received a conditional license to begin production at its electric vehicle factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours (GWh) per year - outstripping European competitors on both fronts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092135262,"gmtCreate":1644550043084,"gmtModify":1676533940268,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092135262","repostId":"1159941378","repostType":4,"repost":{"id":"1159941378","pubTimestamp":1644549307,"share":"https://www.laohu8.com/m/news/1159941378?lang=&edition=full","pubTime":"2022-02-11 11:15","market":"us","language":"en","title":"Apple Stock: The Last Bear Has Given Up. Here's Why. ","url":"https://stock-news.laohu8.com/highlight/detail?id=1159941378","media":"TheStreet","summary":"The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal","content":"<html><head></head><body><p>The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal Q1 earnings. Here is why.</p><p>New Street Research’s analyst Pierre Ferragu had been the lone wolf (or lone bear) on Wall Street. With a sell rating on Apple stock until the company’s most recent earnings report, he believed that AAPL could drop to as low as $90 per share.</p><p>But Mr. Ferragu has thrown in the towel and upgraded his views on Apple shares to neutral. Today, the Apple Maven looks at what caused the analyst to change his mind.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d8c6855a2deeb582eedec782f0a58529\" tg-width=\"1240\" tg-height=\"827\" width=\"100%\" height=\"auto\"/><span>Figure 1: Apple Stock: Why The Last Bear Has Finally Given Up</span></p><p><b>AAPL: from bear to neutral</b></p><p>New Street used to have a bearish rating on Apple, first and foremost, because of the iPhone. To be fair, the downbeat thesis did not seem outrageous.</p><p>First, the pandemic days drove demand for tech gadgets that resulted in Apple shipping a record number of 5G-capable smartphones in 2020 and early 2021. Pierre then compared the iPhone 13 to an “iPhone 12S cycle” that lacked the innovation needed to encourage consumers to buy the new model, following what could have been pulled-forward demand.</p><p>But the analyst’s convictions proved flawed on the back of another round of impressive iPhone sales in the 2021 holiday quarter. In fiscal Q1, iPhone revenues grew nearly 10% on top of already tough comps of 17%. As the graph below depicts, the segment has posted the best growth rates on a TTM (trailing twelve-month) basis.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ac32148a9043b56f8e77527a16caeba\" tg-width=\"758\" tg-height=\"504\" width=\"100%\" height=\"auto\"/><span>Figure 2: Apple&#39;s TTM revenue growth by major product segment.</span></p><p>Faced with the hard facts, Pierre was reasonable to admit that he had been wrong about his bearish thesis. In his own words, during his late January interview with CNBC:</p><blockquote>“What we saw in the last print was a very, very strong quarter and a very, very confident guide that goes head first against our thesis. The quality of demand for the iPhone today is something that is breaking our framework. There is something we are missing.”</blockquote><p><b>But why not bullish?</b></p><p>Giving up a bearish thesis does not mean that an analyst needs to be an Apple bull, necessarily. In fact, Pierre Ferragu explained that he does not have “any view that is in opposition to what you would find in consensus today. [So he feels] that the stock is reasonably valued”.</p><p>The CNBC host pressed the analyst further, asking about what could make the analyst turn bullish on Apple stock. He elaborated as follows:</p><blockquote>“We don’t think there is anything mispriced, [...] this is not an investment for which we would pound the table. What would make us change our minds [...] are the next steps for Apple, which are the AR/VR headset and the car.”</blockquote><p>But don’t hold your breath. Pierre thinks that “the next big thing” opportunities are still very open-ended in regards to breath and depth. Also, he thinks that the growth ramp up should not be very steep, therefore investors need not rush into the stock ahead of it.</p><p><b>The Apple Maven’s take</b></p><p>Despite being a cautious bull myself, I always appreciate the bearish perspective. By losing the last analyst with a sell rating on Apple, Wall Street becomes overwhelmingly optimistic about an investment in the stock, which can be a bit dangerous if it creates overconfidence.</p><p>That said, Pierre Ferragu has clearly been on the wrong side of the trade for too long. His old $90 price target suggested that Apple stock could have dropped by more than 40% from the pre-earnings price of $160. Clearly to me, this was all but impossible to happen with a high-quality company executing as well as Apple has been lately.</p><p>New Street Research’s current price target of $165, still suggesting 6% downside risk, is much more reasonable and consistent with valuations that currently hover near an all-time high. That said, I still find the price projection a bit conservative, as I think Apple stock should rise — even if not viciously — from its current $175 levels over the next 12 months.</p></body></html>","collect":0,"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 Stock: The Last Bear Has Given Up. Here's Why. </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 Stock: The Last Bear Has Given Up. Here's Why. \n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-why-the-last-bear-has-finally-given-up><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal Q1 earnings. Here is why.New Street Research’s analyst Pierre Ferragu had been the lone wolf (or ...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-why-the-last-bear-has-finally-given-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-why-the-last-bear-has-finally-given-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159941378","content_text":"The last Wall Street analyst to have a bearish rating on Apple stock threw in the towel after fiscal Q1 earnings. Here is why.New Street Research’s analyst Pierre Ferragu had been the lone wolf (or lone bear) on Wall Street. With a sell rating on Apple stock until the company’s most recent earnings report, he believed that AAPL could drop to as low as $90 per share.But Mr. Ferragu has thrown in the towel and upgraded his views on Apple shares to neutral. Today, the Apple Maven looks at what caused the analyst to change his mind.Figure 1: Apple Stock: Why The Last Bear Has Finally Given UpAAPL: from bear to neutralNew Street used to have a bearish rating on Apple, first and foremost, because of the iPhone. To be fair, the downbeat thesis did not seem outrageous.First, the pandemic days drove demand for tech gadgets that resulted in Apple shipping a record number of 5G-capable smartphones in 2020 and early 2021. Pierre then compared the iPhone 13 to an “iPhone 12S cycle” that lacked the innovation needed to encourage consumers to buy the new model, following what could have been pulled-forward demand.But the analyst’s convictions proved flawed on the back of another round of impressive iPhone sales in the 2021 holiday quarter. In fiscal Q1, iPhone revenues grew nearly 10% on top of already tough comps of 17%. As the graph below depicts, the segment has posted the best growth rates on a TTM (trailing twelve-month) basis.Figure 2: Apple's TTM revenue growth by major product segment.Faced with the hard facts, Pierre was reasonable to admit that he had been wrong about his bearish thesis. In his own words, during his late January interview with CNBC:“What we saw in the last print was a very, very strong quarter and a very, very confident guide that goes head first against our thesis. The quality of demand for the iPhone today is something that is breaking our framework. There is something we are missing.”But why not bullish?Giving up a bearish thesis does not mean that an analyst needs to be an Apple bull, necessarily. In fact, Pierre Ferragu explained that he does not have “any view that is in opposition to what you would find in consensus today. [So he feels] that the stock is reasonably valued”.The CNBC host pressed the analyst further, asking about what could make the analyst turn bullish on Apple stock. He elaborated as follows:“We don’t think there is anything mispriced, [...] this is not an investment for which we would pound the table. What would make us change our minds [...] are the next steps for Apple, which are the AR/VR headset and the car.”But don’t hold your breath. Pierre thinks that “the next big thing” opportunities are still very open-ended in regards to breath and depth. Also, he thinks that the growth ramp up should not be very steep, therefore investors need not rush into the stock ahead of it.The Apple Maven’s takeDespite being a cautious bull myself, I always appreciate the bearish perspective. By losing the last analyst with a sell rating on Apple, Wall Street becomes overwhelmingly optimistic about an investment in the stock, which can be a bit dangerous if it creates overconfidence.That said, Pierre Ferragu has clearly been on the wrong side of the trade for too long. His old $90 price target suggested that Apple stock could have dropped by more than 40% from the pre-earnings price of $160. Clearly to me, this was all but impossible to happen with a high-quality company executing as well as Apple has been lately.New Street Research’s current price target of $165, still suggesting 6% downside risk, is much more reasonable and consistent with valuations that currently hover near an all-time high. That said, I still find the price projection a bit conservative, as I think Apple stock should rise — even if not viciously — from its current $175 levels over the next 12 months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286657701048520,"gmtCreate":1711007134927,"gmtModify":1711012596951,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"Will Nvidia go Bullish?&nbsp; <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp; https://www.tipranks.com/news/article/isnt-nvidia-nasdaqnvda-stock-overvalued-not-quite","listText":"Will Nvidia go Bullish?&nbsp; <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp; https://www.tipranks.com/news/article/isnt-nvidia-nasdaqnvda-stock-overvalued-not-quite","text":"Will Nvidia go Bullish? $NVIDIA Corp(NVDA)$ https://www.tipranks.com/news/article/isnt-nvidia-nasdaqnvda-stock-overvalued-not-quite","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286657701048520","isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095146131,"gmtCreate":1644861055101,"gmtModify":1676533969043,"author":{"id":"4096785918939310","authorId":"4096785918939310","name":"June888","avatar":"https://static.tigerbbs.com/58b8bc13a065ac903948ff75dcd13804","crmLevel":6,"crmLevelSwitch":1},"themes":[],"htmlText":"Yay 😁&nbsp;","listText":"Yay 😁&nbsp;","text":"Yay 😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095146131","repostId":"1103464576","repostType":2,"repost":{"id":"1103464576","pubTimestamp":1644804581,"share":"https://www.laohu8.com/m/news/1103464576?lang=&edition=full","pubTime":"2022-02-14 10:09","market":"us","language":"en","title":"Apple: Upgraded Price Target On Stronger Revenue Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1103464576","media":"Seeking Alpha","summary":"SummarySince our previous coverage of Apple, we looked into its iPhone segment which had stellar gro","content":"<html><head></head><body><p>Summary</p><ul><li>Since our previous coverage of Apple, we looked into its iPhone segment which had stellar growth in 2021, and updated our outlook in the smartphone market.</li><li>We also delved into its growth segments including its Wearables, Home &amp; Accessories segment, in which we expect its AirPods and smartwatches to drive growth.</li><li>Another key growth segment is Services, in which we expect to continue leveraging Apple&#39;s massive installed base and grow its engagement across Apple TV+ and Apple Music.</li><li>We revised our valuation based on DCF with stronger revenue growth and obtained an increased price target from our previous analysis.</li></ul><p>When we last covered Apple Inc (AAPL) in September 2021, we forecasted Apple&#39;s revenue to grow by 26.9% for FY2021. Apple&#39;s actual revenue came in slightly higher at 33.26%, primarily due to a stellar fourth quarter on iPhone, Mac and Services growth. We previously forecasted revenue growth to normalize to around 8% for 2022 and beyond, which translated to a Hold rating with a price target of $142.95. However, following a huge revenue beat in the recent Q1, we delved deeper into Apple&#39;s segments to analyse their growth products. We determined that its Wearables, home and accessories segment and Services segment is still growing strongly and has reached a size capable to drive Apple&#39;s growth going forward.</p><p>Specifically, its AirPods and smartwatch business is driving growth for the Wearables, home and accessories segment with an average sales unit growth rate of 98.3% (3-year) and 40.7% (5-year) respectively. Whereas for the Services segment, Apple TV+ and Apple Music have an average growth rate of 47.2% and 46.8%. Moreover, we also analysed its main iPhone segment and examined its growth drivers following the strong year of growth and updated our previous model for its growth projection. This gives us an increase in our revenue forecast to 11.1% in 2022. When we incorporated a higher revenue growth with our DCF model, it gives us an upside of 5.13%. Hence, we are maintaining our rating on Apple to a Hold.</p><p><b>iPhone Revenue Expected to Continue Growing Steadily</b></p><p><img src=\"https://static.tigerbbs.com/45d411855b07cf69da83729013f63232\" tg-width=\"481\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/><i>Source:IDC,Counterpoint Research</i></p><p>Based on smartphone market data by IDC and Counterpoint Research, Apple&#39;s market share has been fairly stable with a unit shipment CAGR of 2.52% in the past 5 years compared to the total market shipments CAGR of -0.94%. In comparison, Samsung&#39;s shipment CAGR was -2.57% while the Chinese smartphone makers grew strongly Xiaomi (25.62%), Oppo (10.68%) and Vivo (9.22%). On the other hand, Huawei lost market share and the remaining smartphone makers categorized as Others grew their share from Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2af65eef0d84f01a0790a56ad341646b\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: IDC, Counterpoint Research</i></p><p>Huawei&#39;s downfall came as US sanctions affect edits smartphone business and it was also pressured tosellHonor in Q4 2020. Meanwhile, according to quarterly data from Omdia, other brands including Motorola (MSI), Realme and Techno grew strongly, outpacing the market. In the first 9 months of 2021 compared to the first 9 months of the year 2020, they grew by 51.7% (Motorola), 40.7% (Realme), and 40% (Techno). We believe this indicates no change in the threat of new entrants but increased competitive rivalry. For Realme, the company grew rapidly in the Chinese market, beating all of its peers but remains relatively small. According to Counterpoint Research, Motorolabenefittedfrom the exit of LG&#39;s smartphone business. Whereas Technofocusedon affordable phones for the African market which it leads.</p><p>Beyond that, the IDCforecaststhe smartphone market to grow at a 5-year CAGR of 3.5%. Apple previously launched its new iPhone 13 lineup in September 2021. According to a consumer survey by JP Morgan (JPM), the results showed strong interest in the iPhone 13 with 65% of iPhone users indicating their interest to switch to the new model while 50% of Android users were interested in switching to the iPhone. Additionally, smartphone brand loyaltyfor Apple stood at 90% according to Consumer Intelligence Research Partners, the highest among competitors such as Motorola, Samsung and LG. Furthermore, a survey by SellCell highlighted the top reasons for Android users to switch to iPhone include longer software support at 51.4% followed by Apple ecosystem benefits at 23.8%. Based on Statista, iPhone software support has increased to support previous models as old as 7 years for iOS 15. Compared to Android smartphones, this is longer than Samsung(at least 4 years),Xiaomi(at least 2 years),Oppo(4 years) and Vivo(3 years).</p><p>Therefore, with the robust interest on the iPhone and brand loyalty, we expect the company to strengthen its market position. To project the smartphone market share, we forecasted Apple, Samsung, Xiaomi and Oppo&#39;s shipment growth based on the market CAGR of 3.5% by the IDC on top of the difference between their average 5-year average growth and the market growth. For Apple, based on its 5-year average growth (1.6%) and the market&#39;s growth (-1.6%), we get a positive difference of 3.2% which we added to the market CAGR of 3.5% for a total shipment growth rate forecast of 6.7%.</p><p><img src=\"https://static.tigerbbs.com/91132bf248d97fcda0c820e270710600\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: IDC, Khaveen Investments</i></p><p>Further, we factored in an average revenue per unit (ARPU) growth assumption based on our previous analysis where we forecasted a growth rate of 1.3%.</p><p><img src=\"https://static.tigerbbs.com/08157acdb51a7d272dd01be499c2339d\" tg-width=\"619\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><i>* c = a x b /1000</i></p><p><i>Source: Apple, Statista, Khaveen Investments</i></p><p>All in all, we see the smartphone market with increased competitive rivalry as smaller brands grew rapidly but the threat of new entrants unchanged. As the smartphone market is forecasted to grow steadily, we see Apple strengthening its market positioning with its strong iPhone product lineup and robust consumer interest in its products while brand loyalty remains very high. With this, we expect the company to gain market share and projected its revenues to grow based on shipments and ARPU growth.</p><p><b>Wearables, Home and Accessories Segment Growth Supported by Watch and AirPods</b></p><p>Based on Apple&#39;s revenue segment breakdown, its Wearables, Home and Accessories segment is its highest growth in the past 7 years at 24.6%.</p><p><img src=\"https://static.tigerbbs.com/d85dd58ec38d224ab5c89b560896365b\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: Apple</i></p><p>According to its annual report, the segment&#39;s products include AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. We estimated the segment revenue breakdown in 2021 with prorated unit shipment data and estimated prices based on average listed prices in the table below.&#39;</p><p><img src=\"https://static.tigerbbs.com/011eb630b82f46079d3825332045e424\" tg-width=\"625\" tg-height=\"271\" referrerpolicy=\"no-referrer\"/><i>Source:Apple,Strategy Analytics,Canalys, TheVerge,TechRadar, Khaveen Investments</i></p><p>Based on data from the BusinessofApp, its AirPods, smartwatch and Homepod have an average shipments growth rate of 98.3% (3-year), 40.7% (5-year) and 53.3% (2-year) respectively. However, its AirPods and smartwatch are its key revenue contributors.</p><p>Apple is the market leader in the smartwatch market with a 52.5% market share of shipments in Q3 2021 based on Strategy Analytics. According to Valuates Report, the smart watch market was $19.07 bln in 2020 and is forecasted to grow at a CAGR of 20.5% through 2027. On the other hand, the earphones and headphones market was $29.04 bln in 2020 with a CAGR of 19.4% projected by Verified Market Research through 2028, translating to a market share of 56.8% based on our estimated revenues of its AirPods.</p><p>Apple highlighted its commitment to AirPods with the recent launch of its 3rd generation AirPods in October 2021 with changes to its design and improved battery life. According to SellCell, 12.9% of iPhone users in a survey indicated their interest in buying the AirPods 3. Furthermore, according to the IDC, the company&#39;s AirPods are deeply integrated with other Apple ecosystem services such as Apple Music and Apple Fitness+. Apple also provides customers buying AirPods with free access to Apple Music for 6 months.</p><p>Moreover, in terms of its Apple Watch 7 which launched in 2021, 33.62% of respondents indicated their interest in buying the Apple Watch 7. Apple&#39;s apps such as Fitness+ is integrated with the device and customers also get 3 months of free access to it when they purchase the device. Thus, we believe that its latest AirPods and smartwatch products supported by strong consumer interest could continue to drive growth for the company.</p><p>We projected its segment growth based on our estimated revenue breakdown for the company with the market forecast CAGR for the smartwatch, earphones and headphones and smart speaker market.</p><p><img src=\"https://static.tigerbbs.com/96a2c798086f494dd485027027e29905\" tg-width=\"619\" tg-height=\"436\" referrerpolicy=\"no-referrer\"/><i>Source: Apple, Valuates Report, Verified Market Research,Emergen Research, Khaveen Investments</i></p><p>As the segment with the highest average growth rate in the past 7 years, we expect its AirPods and smartwatch to continue to drive its growth as the largest contributor to our estimated revenues. This is as the company updated its product line up with strong consumer interest indicated. Also, we expect its products to benefit from the Apple ecosystem of complementary services such as Fitness+ and Apple Music.</p><p><b>Services Business as Another Growth Engine</b></p><p>Besides its Wearables, Home and Accessories segment, the company&#39;s Services business is its second fastest growing segment with an average growth rate of 21.1% in the past 7 years. In our previous analysis on the company, we believed that the company&#39;s services growth could continue to grow leveraging its massive installed base. Also, we cited the estimated service revenue breakdown by Trefis. We maintain our view of the business growing by leveraging its user base and increasing consumer engagement.</p><p>According to data from the BusinessofApps, Apple TV+ and Apple Music are two of the Services business highest growth in terms of subscribers at an average of 46.8% for Apple Music since 2016 and 47.2% for Apple TV+ from 2020. Apple TV+ is a subscription streaming service launched in 2019 featuring original content from the company at a price of $5 per month with a reported user base of 40 mln accounts. In terms of market share, Apple TV+ is the sixth largest in the US with a market share rising to 5% in Q4 2021.</p><p><img src=\"https://static.tigerbbs.com/93bf5333c94327140e239ec094b3a796\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source:JustWatch</i></p><p>According to Apple&#39;s website, it provides customers who purchase new Apple devices including iPhone, iPad and Mac with 3 months of free access to Apple TV+. We believe that this highlights its strategy to leverage its installed base to grow its Services business. While Apple TV+ is still relatively new, we believe that this strategy could allow the company to further expand and gain market share.</p><p>Moreover, for Apple Music, the company trails behind market leader Spotify(NYSE:SPOT)with a share of 31% in Q2 2021 compared to 15% for Apple according to MIDiA. Appleprovidesnew AirPods, HomePod Mini and Beats customers with 6 months of free access to the service. Furthermore, the company has continued to improve its music platform in 2021 in terms of sound quality with the addition of Spatial Audio with Dolby Atmos and Lossless Audio for 75 mln of songs for subscribers at no extra cost.</p><blockquote>Apple Music is making its biggest advancement ever in sound quality. -Oliver Schusser, Apple&#39;s vice president of Apple Music and Beats.</blockquote><p>Thus, we continue to expect its services revenue to grow with a rising installed base and increasing engagement. We updated our projections for its services revenue based on an average 6-year installed base growth rate of 9.9% but at an average decelerating rate of -4.2% with revenue per user growth based on a 6-year average.</p><p><img src=\"https://static.tigerbbs.com/cca43b9a50262ae22c797b4389286762\" tg-width=\"647\" tg-height=\"391\" referrerpolicy=\"no-referrer\"/><i>* c = a x b</i></p><p><i>Source: Apple, Khaveen Investments</i></p><p>Hence, we expect its Services revenues to continue growing by leveraging its massive installed base which we expect to reach 2.8 bln by 2026 in addition to a revenue per device growth assumption. We believe this is supported by its marketing initiatives such as the free access to its services provided to new customers as well as increasing engagement through platform enhancements.</p><p><b>Risk: Wireless Earphones Competition Heating Up</b></p><p>In Apple&#39;s Wearables, home and accessories segment, its AirPods is facing increasing competition from other brands including Xiaomi, Samsung and JBL (JBL). Based on Counterpoint Research&#39;smarket share of true wireless stereo (TWS), Apple&#39;s sales market share declined by 12% in Q2 2021 compared to the previous year while Xiaomi, Samsung, JBL, QCY and boAt gained share. According to Counterpoint Research, Samsunggainedmarket share in the premium segment while Xiaomi has an advantage with its focus on the lower price range segment (below $100). Moreover, in CES 2022, several new products were announced from brands such as Jabra, JBL, Belkin and JLab. Thus, we believe this indicates growing competition in the market and could affect Apple&#39;s AirPods growth outlook which we estimate to account for 51.3% of the segment&#39;s revenue but we expect it to remain competitive with its new 3rd generation AirPods with improved battery life and audio features as discussed in the point above.</p><p><b>Valuation</b></p><p>To value the company, we used a DCF valuation as we expect the company to continue generating strong positive free cash flows. We based our terminal value on the weightage average of the software and hardware industry average EV/EBITDA based on its product and services revenues.</p><p><img src=\"https://static.tigerbbs.com/f01291f7c330f1c85929cd4640e54fca\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><i>Source: Seeking Alpha, Khaveen Investments</i></p><p><img src=\"https://static.tigerbbs.com/2479d42d9ae580a26e225c457ecdf6ca\" tg-width=\"622\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/><i>Source: Apple, Khaveen Investments</i></p><p>We summarised our updated revenue projections from the previous analysis. Our iPhone segment growth forecast is adjusted taking into account market share gain assumptions. Whereas the Wearables, home and accessories segment is based on the forecasted market CAGR. Lastly, the Services business growth is updated as we continue to expect it to grow by leveraging its installed base.</p><p>Based on a discount rate of 15.5% (company&#39;s WACC), our model shows an upside of 5.13%.</p><p><img src=\"https://static.tigerbbs.com/a880eef6c7a352ff55bc985171c7d5a4\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><b>Verdict</b></p><p>Following a year of robust growth for Apple, we expect the company&#39;s future growth to be driven by its iPhone, Wearables, Home and Accessories and Services segments. As we see the competitive rivalry in the smartphone market heating up, we believe Apple stands to strengthen its market position with its strong interest in its iPhones and unwavering brand loyalty. Moreover, looking into the revenue breakdown for its Wearables, Home, and Accessories segment, we expect its AirPods and smartwatch businesses to continue driving growth with a strong interest in its product development. Finally, we also see its Services business as a key driver of growth leveraging its massive installed base and increasing consumer engagement with Apple TV+ and Apple Music. We adjusted our revenue growth and obtained a revised price target. However, considering the jump in Apple&#39;s price post-earnings, our rating remains as a<i>Hold</i>with a target price of <i>$180.46.</i></p></body></html>","collect":0,"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: Upgraded Price Target On Stronger Revenue Growth</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: Upgraded Price Target On Stronger Revenue Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 10:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4486671-apple-stock-price-target-upgraded-stronger-revenue-growth><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySince our previous coverage of Apple, we looked into its iPhone segment which had stellar growth in 2021, and updated our outlook in the smartphone market.We also delved into its growth ...</p>\n\n<a href=\"https://seekingalpha.com/article/4486671-apple-stock-price-target-upgraded-stronger-revenue-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4486671-apple-stock-price-target-upgraded-stronger-revenue-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103464576","content_text":"SummarySince our previous coverage of Apple, we looked into its iPhone segment which had stellar growth in 2021, and updated our outlook in the smartphone market.We also delved into its growth segments including its Wearables, Home & Accessories segment, in which we expect its AirPods and smartwatches to drive growth.Another key growth segment is Services, in which we expect to continue leveraging Apple's massive installed base and grow its engagement across Apple TV+ and Apple Music.We revised our valuation based on DCF with stronger revenue growth and obtained an increased price target from our previous analysis.When we last covered Apple Inc (AAPL) in September 2021, we forecasted Apple's revenue to grow by 26.9% for FY2021. Apple's actual revenue came in slightly higher at 33.26%, primarily due to a stellar fourth quarter on iPhone, Mac and Services growth. We previously forecasted revenue growth to normalize to around 8% for 2022 and beyond, which translated to a Hold rating with a price target of $142.95. However, following a huge revenue beat in the recent Q1, we delved deeper into Apple's segments to analyse their growth products. We determined that its Wearables, home and accessories segment and Services segment is still growing strongly and has reached a size capable to drive Apple's growth going forward.Specifically, its AirPods and smartwatch business is driving growth for the Wearables, home and accessories segment with an average sales unit growth rate of 98.3% (3-year) and 40.7% (5-year) respectively. Whereas for the Services segment, Apple TV+ and Apple Music have an average growth rate of 47.2% and 46.8%. Moreover, we also analysed its main iPhone segment and examined its growth drivers following the strong year of growth and updated our previous model for its growth projection. This gives us an increase in our revenue forecast to 11.1% in 2022. When we incorporated a higher revenue growth with our DCF model, it gives us an upside of 5.13%. Hence, we are maintaining our rating on Apple to a Hold.iPhone Revenue Expected to Continue Growing SteadilySource:IDC,Counterpoint ResearchBased on smartphone market data by IDC and Counterpoint Research, Apple's market share has been fairly stable with a unit shipment CAGR of 2.52% in the past 5 years compared to the total market shipments CAGR of -0.94%. In comparison, Samsung's shipment CAGR was -2.57% while the Chinese smartphone makers grew strongly Xiaomi (25.62%), Oppo (10.68%) and Vivo (9.22%). On the other hand, Huawei lost market share and the remaining smartphone makers categorized as Others grew their share from Q1 2021.Source: IDC, Counterpoint ResearchHuawei's downfall came as US sanctions affect edits smartphone business and it was also pressured tosellHonor in Q4 2020. Meanwhile, according to quarterly data from Omdia, other brands including Motorola (MSI), Realme and Techno grew strongly, outpacing the market. In the first 9 months of 2021 compared to the first 9 months of the year 2020, they grew by 51.7% (Motorola), 40.7% (Realme), and 40% (Techno). We believe this indicates no change in the threat of new entrants but increased competitive rivalry. For Realme, the company grew rapidly in the Chinese market, beating all of its peers but remains relatively small. According to Counterpoint Research, Motorolabenefittedfrom the exit of LG's smartphone business. Whereas Technofocusedon affordable phones for the African market which it leads.Beyond that, the IDCforecaststhe smartphone market to grow at a 5-year CAGR of 3.5%. Apple previously launched its new iPhone 13 lineup in September 2021. According to a consumer survey by JP Morgan (JPM), the results showed strong interest in the iPhone 13 with 65% of iPhone users indicating their interest to switch to the new model while 50% of Android users were interested in switching to the iPhone. Additionally, smartphone brand loyaltyfor Apple stood at 90% according to Consumer Intelligence Research Partners, the highest among competitors such as Motorola, Samsung and LG. Furthermore, a survey by SellCell highlighted the top reasons for Android users to switch to iPhone include longer software support at 51.4% followed by Apple ecosystem benefits at 23.8%. Based on Statista, iPhone software support has increased to support previous models as old as 7 years for iOS 15. Compared to Android smartphones, this is longer than Samsung(at least 4 years),Xiaomi(at least 2 years),Oppo(4 years) and Vivo(3 years).Therefore, with the robust interest on the iPhone and brand loyalty, we expect the company to strengthen its market position. To project the smartphone market share, we forecasted Apple, Samsung, Xiaomi and Oppo's shipment growth based on the market CAGR of 3.5% by the IDC on top of the difference between their average 5-year average growth and the market growth. For Apple, based on its 5-year average growth (1.6%) and the market's growth (-1.6%), we get a positive difference of 3.2% which we added to the market CAGR of 3.5% for a total shipment growth rate forecast of 6.7%.Source: IDC, Khaveen InvestmentsFurther, we factored in an average revenue per unit (ARPU) growth assumption based on our previous analysis where we forecasted a growth rate of 1.3%.* c = a x b /1000Source: Apple, Statista, Khaveen InvestmentsAll in all, we see the smartphone market with increased competitive rivalry as smaller brands grew rapidly but the threat of new entrants unchanged. As the smartphone market is forecasted to grow steadily, we see Apple strengthening its market positioning with its strong iPhone product lineup and robust consumer interest in its products while brand loyalty remains very high. With this, we expect the company to gain market share and projected its revenues to grow based on shipments and ARPU growth.Wearables, Home and Accessories Segment Growth Supported by Watch and AirPodsBased on Apple's revenue segment breakdown, its Wearables, Home and Accessories segment is its highest growth in the past 7 years at 24.6%.Source: AppleAccording to its annual report, the segment's products include AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. We estimated the segment revenue breakdown in 2021 with prorated unit shipment data and estimated prices based on average listed prices in the table below.'Source:Apple,Strategy Analytics,Canalys, TheVerge,TechRadar, Khaveen InvestmentsBased on data from the BusinessofApp, its AirPods, smartwatch and Homepod have an average shipments growth rate of 98.3% (3-year), 40.7% (5-year) and 53.3% (2-year) respectively. However, its AirPods and smartwatch are its key revenue contributors.Apple is the market leader in the smartwatch market with a 52.5% market share of shipments in Q3 2021 based on Strategy Analytics. According to Valuates Report, the smart watch market was $19.07 bln in 2020 and is forecasted to grow at a CAGR of 20.5% through 2027. On the other hand, the earphones and headphones market was $29.04 bln in 2020 with a CAGR of 19.4% projected by Verified Market Research through 2028, translating to a market share of 56.8% based on our estimated revenues of its AirPods.Apple highlighted its commitment to AirPods with the recent launch of its 3rd generation AirPods in October 2021 with changes to its design and improved battery life. According to SellCell, 12.9% of iPhone users in a survey indicated their interest in buying the AirPods 3. Furthermore, according to the IDC, the company's AirPods are deeply integrated with other Apple ecosystem services such as Apple Music and Apple Fitness+. Apple also provides customers buying AirPods with free access to Apple Music for 6 months.Moreover, in terms of its Apple Watch 7 which launched in 2021, 33.62% of respondents indicated their interest in buying the Apple Watch 7. Apple's apps such as Fitness+ is integrated with the device and customers also get 3 months of free access to it when they purchase the device. Thus, we believe that its latest AirPods and smartwatch products supported by strong consumer interest could continue to drive growth for the company.We projected its segment growth based on our estimated revenue breakdown for the company with the market forecast CAGR for the smartwatch, earphones and headphones and smart speaker market.Source: Apple, Valuates Report, Verified Market Research,Emergen Research, Khaveen InvestmentsAs the segment with the highest average growth rate in the past 7 years, we expect its AirPods and smartwatch to continue to drive its growth as the largest contributor to our estimated revenues. This is as the company updated its product line up with strong consumer interest indicated. Also, we expect its products to benefit from the Apple ecosystem of complementary services such as Fitness+ and Apple Music.Services Business as Another Growth EngineBesides its Wearables, Home and Accessories segment, the company's Services business is its second fastest growing segment with an average growth rate of 21.1% in the past 7 years. In our previous analysis on the company, we believed that the company's services growth could continue to grow leveraging its massive installed base. Also, we cited the estimated service revenue breakdown by Trefis. We maintain our view of the business growing by leveraging its user base and increasing consumer engagement.According to data from the BusinessofApps, Apple TV+ and Apple Music are two of the Services business highest growth in terms of subscribers at an average of 46.8% for Apple Music since 2016 and 47.2% for Apple TV+ from 2020. Apple TV+ is a subscription streaming service launched in 2019 featuring original content from the company at a price of $5 per month with a reported user base of 40 mln accounts. In terms of market share, Apple TV+ is the sixth largest in the US with a market share rising to 5% in Q4 2021.Source:JustWatchAccording to Apple's website, it provides customers who purchase new Apple devices including iPhone, iPad and Mac with 3 months of free access to Apple TV+. We believe that this highlights its strategy to leverage its installed base to grow its Services business. While Apple TV+ is still relatively new, we believe that this strategy could allow the company to further expand and gain market share.Moreover, for Apple Music, the company trails behind market leader Spotify(NYSE:SPOT)with a share of 31% in Q2 2021 compared to 15% for Apple according to MIDiA. Appleprovidesnew AirPods, HomePod Mini and Beats customers with 6 months of free access to the service. Furthermore, the company has continued to improve its music platform in 2021 in terms of sound quality with the addition of Spatial Audio with Dolby Atmos and Lossless Audio for 75 mln of songs for subscribers at no extra cost.Apple Music is making its biggest advancement ever in sound quality. -Oliver Schusser, Apple's vice president of Apple Music and Beats.Thus, we continue to expect its services revenue to grow with a rising installed base and increasing engagement. We updated our projections for its services revenue based on an average 6-year installed base growth rate of 9.9% but at an average decelerating rate of -4.2% with revenue per user growth based on a 6-year average.* c = a x bSource: Apple, Khaveen InvestmentsHence, we expect its Services revenues to continue growing by leveraging its massive installed base which we expect to reach 2.8 bln by 2026 in addition to a revenue per device growth assumption. We believe this is supported by its marketing initiatives such as the free access to its services provided to new customers as well as increasing engagement through platform enhancements.Risk: Wireless Earphones Competition Heating UpIn Apple's Wearables, home and accessories segment, its AirPods is facing increasing competition from other brands including Xiaomi, Samsung and JBL (JBL). Based on Counterpoint Research'smarket share of true wireless stereo (TWS), Apple's sales market share declined by 12% in Q2 2021 compared to the previous year while Xiaomi, Samsung, JBL, QCY and boAt gained share. According to Counterpoint Research, Samsunggainedmarket share in the premium segment while Xiaomi has an advantage with its focus on the lower price range segment (below $100). Moreover, in CES 2022, several new products were announced from brands such as Jabra, JBL, Belkin and JLab. Thus, we believe this indicates growing competition in the market and could affect Apple's AirPods growth outlook which we estimate to account for 51.3% of the segment's revenue but we expect it to remain competitive with its new 3rd generation AirPods with improved battery life and audio features as discussed in the point above.ValuationTo value the company, we used a DCF valuation as we expect the company to continue generating strong positive free cash flows. We based our terminal value on the weightage average of the software and hardware industry average EV/EBITDA based on its product and services revenues.Source: Seeking Alpha, Khaveen InvestmentsSource: Apple, Khaveen InvestmentsWe summarised our updated revenue projections from the previous analysis. Our iPhone segment growth forecast is adjusted taking into account market share gain assumptions. Whereas the Wearables, home and accessories segment is based on the forecasted market CAGR. Lastly, the Services business growth is updated as we continue to expect it to grow by leveraging its installed base.Based on a discount rate of 15.5% (company's WACC), our model shows an upside of 5.13%.VerdictFollowing a year of robust growth for Apple, we expect the company's future growth to be driven by its iPhone, Wearables, Home and Accessories and Services segments. As we see the competitive rivalry in the smartphone market heating up, we believe Apple stands to strengthen its market position with its strong interest in its iPhones and unwavering brand loyalty. Moreover, looking into the revenue breakdown for its Wearables, Home, and Accessories segment, we expect its AirPods and smartwatch businesses to continue driving growth with a strong interest in its product development. Finally, we also see its Services business as a key driver of growth leveraging its massive installed base and increasing consumer engagement with Apple TV+ and Apple Music. We adjusted our revenue growth and obtained a revised price target. However, considering the jump in Apple's price post-earnings, our rating remains as aHoldwith a target price of $180.46.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}