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AI or bust Morgan Stanley analyst Erik Woodring believes Apple’s upcoming Worldwide Developers Conference could begin to change that perception. The 5-star analyst reiterated his Overweight rating and $330 price target,…
So far it’s down 44.4% The Apple share count peaked at 26,549,208,000 shares in the third quarter of 2012. Today there are about 14,748,158,000 shares outstanding. The history of the shares outstanding is shown below:…
Apple, with its $50 a share in cash, could earn as much as $17 to $20 a share in 2011, which means the stock is trading at a cheap 12.5 times next year’s earnings. Cramer said even if Apple hits his $300 target, the…
Erick Maronak, manager of the Victory Large Cap Growth Fund, says Apple is the best-run company in the U.S. I would add it’s also almost the biggest and at the same time least understood. A lack of understanding is…
Of all the world’s companies, Apple ranks as the 11th most valuable. As a technology company its market capitalization is second only to Microsoft. Of the top 20 largest companies, all of which are above $150 billion in…
On Christmas Eve 2007 to be precise. That’s when the Enterprise Value/share was $181.5. These days it’s around $150. The Enterprise Value (EV) measures the value of future cash flows excluding current assets and is a…
Apple’s profit of $3.38 billion for CQ4 was slightly more than 10 times bigger than Dell’s $334 million on nearly equal Revenues of 15.7 billion and 14.9 billion. In other words, Apple kept about 20% of its income while…
Following up on the Apple Valuation Entry, I went to the data and pulled the historical P/E for Apple back to include all of 2004 (in blue) and did the same with the S&P P/E (in red). A few notes: This reversal happened…
The fact that AAPL is less valuable — in terms of the P/E ratio — than the average S&P 500 company continues to baffle me. Apple’s P/E is a bit misleading because of the price “P” a large part is cash which should not be…
Apple’s latest re-statement of financial statements eliminated subscription accounting for the iPhone not just for the past quarter but for the entire history of the product, back to mid-2007. This allows a more precise…
