AAPL is Apple’s stock ticker on the NASDAQ exchange. AAPL went public on December 12, 1980 and has used AAPL ever since. Their IPO generated over $100 million, which was more than any IPO since 1967 when Ford Motor Company went public. Three hundred AAPL millionaires were created on that day.

Since then, there have been many more.

Mac and Services to Provide AAPL Upside

· Charlotte Henry · Link

aapl stock

AAPL investors can still expect an upside when during Apple’s forthcoming earnings call thanks to Mac and services. That’s according to J.P Morgan analyst Samik Chatterjee in a note seen by AppleInsider.

Lead analyst Samik Chatterjee writes that the setup heading into Q1 2021 earnings is “dramatically different than the last one,” since the focus on near-term earnings drivers has moderated after the busy holiday season. Specifically, iPhone builds are slowing down, led primarily by softening smartphone shipments in China and slowing momentum of 5G-equipped iPhone 12 and iPhone 12 Pro sales. Relative to sell-side consensus, Chatterjee believes investors are primed for softer results. However, the analyst still expects modest upside to investor expectations. He cites strong growth in Services and the current momentum in Mac and iPad shipments as the primary driver, despite concerns that work from home trends will wear off. JP Morgan is tracking iPhone revenue in line with expectations.

Morgan Stanley Lowers AAPL Target Despite Services Growth

· Charlotte Henry · Link

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Morgan Stanley analyst Katy Huberty has lowered her target price for AAPL. However, according to a note seen be Apple 3.0, she did forecast that Apple Services revenue growth will increase by 6 points during 2021.

From a note to Morgan Stanley’s clients that landed on my desktop Tuesday: “Services strength drives estimates higher but peer multiple compression drives PT lower to $155 (from $164). Following strong March quarter App Store results and an analysis of the key drivers of Apple’s Licensing & Other segment, we raise our already above-street FY21 and FY22 Services revenue estimates by 3% and 5% respectively, and are increasingly convinced that consensus Services forecasts over the next 2+ years are too low. We now forecast Apple Services revenue growth accelerates by 6 points to +22% Y/Y in FY21, up from +19% Y/Y previously, nearly 4 points ahead of FY21 consensus Services growth of +18% Y/Y.”

UBS Upgrades AAPL, Thinks Firm Will Make Big Impact in Electric Vehicle Market

· Charlotte Henry · Link

aapl stock

UBS analyst David Vogt upgraded AAPL to a Buy and raised the price target to US$142 from US$115, Yahoo Finance reported. This upgrade was in no small part based on the impact he thinks Apple can make in the electric vehicle market.

Our analysis of the auto market and Apple’s multi-year investment in the industry (self-driving car licenses and LiDAR patents) suggests to us Apple’s auto optionality is worth at least an incremental $14/share,” Vogt said in a research note to clients. “Apple’s current portfolio provides significant cash flow the company will likely utilize to enter the battery electric vehicle market.” Vogt says Apple can capture some of the battery electric vehicle (BEV) market given customer satisfaction is already high for the tech giant’s products. “We expect Apple’s platform strategy and market share in the global PC and smartphone markets should enable Apple to introduce a branded BEV and achieve a minimum 5% market share in the global BEV market,” he wrote. “Over the next ten years, we forecast the global automotive market will likely transition to almost 100% EV opening up a 90M unit market to new entrants with large installed bases of loyal satisfied customers like Apple.”

When AAPL Overtook Walmart

· Charlotte Henry · Link

aapl stock

There’s been much talk in recent days, as Apple’s market cap has slipped at points to sit below the US$2 trillion mark. Cult of Mac shared a timely reminder of when AAPL first overtook Walmart stock.

At the time, AAPL was trading at $226 per share. Today, it trades at $275.43. If that doesn’t seem much of an increase, bear in mind that a 7-to-1 stock split took place in 2014 after AAPL peaked at $645. If that split hadn’t happened, Apple would now be trading at approximately $1,925. It didn’t take Apple long to catch up to market leaders ExxonMobil and Microsoft, either. In May 2010, Apple overtook Microsoft, surpassing the tech giant that dominated Cupertino during the previous decade. A little over a year after that, on August 9, 2011, Apple blew past oil giant ExxonMobil to become the world’s most valuable company. In all, it was an astonishing turnaround for a company that came perilously close to going out of business during the 1990s.

AAPL Rides High on Electric Car News

· Charlotte Henry · News

aapl stock

AAPL stock soared Tuesday, following news of its plans for electric car emerging production the day before.

Jim Cramer: Apple Facebook, Apple, Amazon, and Microsoft Are ’Fort Knoxes'

· Charlotte Henry · Cool Stuff Found

Stock tips are not our game here at The Mac Observer. However, they very much are Jim Cramer’s game. On a recent edition of his Mad Money show on CNBC, he described big tech stocks Facebook, Apple, Amazon and Microsoft as ” the Fort Knoxes of our era,” and said “these stocks are the new repositories of wealth.”

Earnings and Bundles – TMO Daily Observations 2020-10-30

· Kelly Guimont · The Mac Observer's Daily Observations Podcast

TMO Daily Observations Podcast Logo

Charlotte Henry and Bryan Chaffin join host Kelly Guimont to discuss Apple’s latest earnings report, and newly released subscription options.

No, Apple Isn’t Going to Buy Disney

· Andrew Orr · Link

Apple with bags of money

Disney stock is dropping and analysts like Bernie McTernan from Rosenblatt Securities think that tech giants like Apple should consider buying it.

We believe those with long-time horizons, like mega-cap companies with large cash balances and whose equity outperformed Disney over the last three weeks, like Apple, could take advantage of the volatility. The upside from acquiring Disney would be securing their content/streaming strategy and potential synergies from adding the emerging Disney ecosystem to the iOS platform.

Apple could also look into buying a private island, renaming it Island+, and forming its own country. I don’t know about you but sign me up for a squircle-shaped house.