Highlights Q2 (quarter ended March 2021) revenue beat market estimates by 16%, and our estimate by...Read More
Company Name: Apple Inc.
We are raising our revenue forecasts for FY2021, and FY2022, on the back of faster growth from iPhone sales as well as strong contribution from wearables, home and accessories, and services. We expect iPhone sales to remain strong on continued consumer upgrading, as 5G networks have yet to be fully implemented across the globe. As a result of our higher revenue/EPS projections, and higher sector-average valuation metrics, we are raising our fair value estimate by 21% to $148.12, suggesting a potential return (including dividends) of 8.3% in FY2021.Read More
We had predicted the decline in iPhone sales as Apple had announced earlier that their new iPhone 12 series will only be launched after the fiscal year-end. We expect a strong Q1-FY2021 based on sales from iPhone 12.
Wearables, home, and accessories, and services reported strong revenue growth. Although we are concerned about increasing competition for iPhone, we are slightly raising our revenue and EPS forecasts for FY2021 based on stronger growth in wearables, home and accessories, and services. Our forecasts are on the conservative-end of consensus forecasts.
Apple Inc. ( NASDAQ: AAPL / AAPL:CB ) Robust Product Sales Amid Work From Home Trend Drive Q3-20 Earnings; -Downgrading
Highlights Apple’s robust Q3 FY2020 (quarter ended June 2020) results highlighted by higher...Read More
Apple Inc. Continued Momentum in Services More Than Offsetting Slower Growth in Devices – Initiating Coverage
Highlights Apple Inc. is one of the world’s largest makers of smartphones, with shipments of 40...Read More