Apple Inc. (AAPL)
- Previous Close
182.40 - Open
182.71 - Bid 182.72 x 200
- Ask 182.81 x 200
- Day's Range
181.46 - 183.05 - 52 Week Range
164.08 - 199.62 - Volume
43,866,551 - Avg. Volume
64,405,549 - Market Cap (intraday)
2.802T - Beta (5Y Monthly) 1.26
- PE Ratio (TTM)
28.42 - EPS (TTM)
6.43 - Earnings Date Aug 1, 2024 - Aug 5, 2024
- Forward Dividend & Yield 1.00 (0.55%)
- Ex-Dividend Date May 10, 2024
- 1y Target Est
202.36
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.
www.apple.com150,000
Full Time Employees
September 30
Fiscal Year Ends
Sector
Industry
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Performance Overview: AAPL
Trailing total returns as of 5/8/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: AAPL
Valuation Measures
Market Cap
2.80T
Enterprise Value
2.84T
Trailing P/E
28.42
Forward P/E
27.86
PEG Ratio (5yr expected)
2.17
Price/Sales (ttm)
7.48
Price/Book (mrq)
37.77
Enterprise Value/Revenue
7.44
Enterprise Value/EBITDA
21.35
Financial Highlights
Profitability and Income Statement
Profit Margin
26.31%
Return on Assets (ttm)
22.07%
Return on Equity (ttm)
147.25%
Revenue (ttm)
381.62B
Net Income Avi to Common (ttm)
100.39B
Diluted EPS (ttm)
6.43
Balance Sheet and Cash Flow
Total Cash (mrq)
67.15B
Total Debt/Equity (mrq)
140.97%
Levered Free Cash Flow (ttm)
84.73B
Research Analysis: AAPL
Company Insights: AAPL
Fair Value
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Hiring Score
Insider Sentiment Score
Research Reports: AAPL
Apple: We Expect New Models and New Chip to Spur Return to iPad Growth, in Line With Our Thesis
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple’s iPhone makes up a majority of the firm sales, and Apple’s other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple’s sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
RatingPrice TargetArgus Quick Note: Weekly Stock List for 05/06/2024: Innovative Companies
Innovation may be hard to define but, to borrow from former U.S. Supreme Court Justice Potter Stewart, you know it when you see it. The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles, to a large degree - have moved overseas, where costs are lower. Yet the U.S. economy is at its largest point in history and still growing. If U.S. corporations weren't innovating, creating new products and services, and moving into new markets and applications, the domestic economy would be contracting, not expanding, and capital would not be flooding into the country. Particularly at this juncture of the market and economic cycles, when uncertainty is high due to high inflation and rising interest rates, we look to innovative companies to navigate the challenges. At Argus, a 90-year-old independent research firm that has innovated a time or two in its long history, we have focused on four types of innovative companies: Industry Disruptors; First to Market; New Product Specialists; and Product & Process Perfectors. Here are some examples of companies, featured in our Innovation Theme Model Portfolio.
iPhone slowdown but services strength, huge buyback
Apple manufactures smartphones, tablets, PCs, software, and peripherals for a worldwide customer base. Its products include Mac desktop and mobile PCs, iPhone, iPad, Apple Watch, and various consumer products, including AirPods, Beats headphones, and Apple TV. Apple services include App Store, iTunes, iCloud, Apple TV+, Apple Arcade, Apple Music, Apple Pay, and more.
RatingPrice TargetU.S. stocks rose on Thursday ahead of the April jobs report due out on Friday.
U.S. stocks rose on Thursday ahead of the April jobs report due out on Friday. Apple (AAPL) rose 6% after hours when it announced a $110 billion stock buyback plan. The two-year Treasury yield fell to 4.889% while the 10-year yield was down to 4.58%. The Dow was up 0.9%, the S&P 500 gained 0.9% and the Nasdaq rose 1.5%. Crude oil traded above $79 per barrel and gold rose $3 to $2313 per ounce.