Apple, a stalwart of consumer electronics, has a diverse product portfolio spanning the iPhone, iPad, Apple Watch, Mac computers, and an array of personal computing devices. Additionally, its services segment includes the App Store, Apple Music, iCloud, and licensing ventures. It goes without saying that Apple's ascendancy is underpinned by a formidable ecosystem.
They’re credited with robust profitability metrics, unwavering customer loyalty, and an expanding global market footprint. These factors have always been the tell-tale signs for stakeholders that Apple warrants a premium valuation, that is resilient to free cash flow, aggressive capital allocation strategy, and leadership cohort. In a nutshell, I anticipate an uptick in the average selling prices of Apple's devices, further augmenting its revenue streams.
Market Info as of 16/04/2024
Market Cap: 2.67 trillion USD
Current Stock Price: $172.69
52-week range: $199.62 (high) & $162.80 (low)
Earnings Per Share: $2.18 for the 2024 fiscal year
Dividend Yield: 0.56%