Here is my preliminary study of AAPL, score 3.875/5
total score =4.4/5, 3.7/5 , 3.7/5 & 3.7/5 (AAPL_study_Dec_2017)
01/05/2019 – Why There’s Still Plenty of Value in Apple’s Core
In lowering Apple’s December-quarter revenue guidance to “approximately $84 billion”—versus the Wall Street consensus of $91.3 billion—Cook largely blamed China. “While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China,” he wrote in a letter on Wednesday.
Another mediocre product cycle doesn’t change Apple’s attributes: a bulletproof balance sheet, a stellar brand, a loyal customer base, and a sticky ecosystem of software and services. iPhone users are still likely to upgrade to another iOS device due to its high levels of customer satisfaction.
Apple shares now trade for 12 times projected fiscal-2019 earnings per share of $12.24, compared with 14.2 times for the S&P 500. The smartphone maker’s stock averaged a forward earnings multiple of 13.6 over the past five years, according to Bernstein. Apple is even cheaper when taking account of its $130 billion net cash position. The forward P/E ratio is about 10 when Apple’s net cash is stripped out.
11/06/2018 – Apple Is Transitioning From Product Company To Service Giant
11/06/2018 – Why Are Hedge Funds Souring On Apple Inc. (AAPL)?
Neutral news
Negative news
