Tim Apple Getting Hungry Eyes From Analysts

“We believe users should have the choice over the data that is being collected about them and how it’s used. Facebook can continue to track users across apps and websites as before, App Tracking Transparency in iOS 14 will just require that they ask for your permission first.— CEO Tim Cook

Make no mistake, Apple has been the Herculean force of 2020, as shares have climbed 74%, to a recent $128, on its way to a world-leading $2.2 trillion market value. The stock, now trading for 32 times P/E of $3.95 a share in the fiscal year ending in September, is historically pricey.

But Apple [$AAPL] has never been stronger, thanks to synchronous product cycles, notably the current one, which includes the sizzling new iPhone 12. Apple is reportedly boosting production of that mobile phone by 30% in the first half of 2021. Keep Losing Your AirPods? Apple’s New Product Will Fix That

The work-from-home trend and the new Apple-designed M1 chip have reinvigorated the Mac laptop lineup. Sales are skyrocketing for devices including watches and the new $549 AirPod Max over-the-ear headphones, which are sold out into Q1. Then there’s a profitable and annuity-like $60 billion services business, with new offerings like Fitness+.

Samik Chatterjee, analyst at J.P. Morgan, asserts that investors may have to pull back their expectations after 2020, but he still forecasts upside to $150 a share, based in part on an above-consensus earnings estimate of $4.45 a share for 2020. Apple Continues To Bully, Only This Time It’s Qualcomm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s