|Bid||192.1900 x 1000|
|Ask||192.2000 x 1100|
|Day's range||189.7500 - 192.3700|
|52-week range||147.3000 - 194.2000|
|PE ratio (TTM)||18.60|
|Earnings date||31 Jul 2018|
|Forward dividend & yield||2.92 (1.57%)|
|1y target est||202.08|
An internal Apple document distributed to Apple Authorized Service Providers
This chip giant is spending big to meet growing demand, but that larger bet carries with it a critical risk.
Amazon may be in second place, but it has better odds to cross the finish line first in getting to a $1 trillion market cap, market watchers say.
Apple (AAPL) is looking to its Services segment to bring about its next surge of growth. The segment includes Apple Music, iTunes, and the App Store and is Apple’s fastest-growing segment.
Apple’s (AAPL) app distribution business, the App Store, turned ten years old this month. The App Store was a bet that has paid off well for the company, sparking optimism that Apple’s other bets—including self-driving systems—could similarly impress down the road. When the App Store was launched on July 10, 2008, it had just 500 apps and a tiny number of developers.
Apple (AAPL) is leaning on its Services business to drive its future growth. So far, this segment has captured areas such as online music, mobile payments, and app distribution. These businesses and others garnered $9.2 billion in revenues for Apple in the first quarter, up 31.0% year-over-year. Apple generated ~$30.0 billion in Services revenues last year and seeks to grow that to ~$50.0 billion by 2020.
Why did Apple (AAPL) create a global music publishing division and then appoint a longtime company attorney to head it? Apple’s move to create a music publishing division raised interest in the company’s music ambitions. Apple Music, the streaming music service, is a component of Apple’s Services business.
Last month, Apple (AAPL) was fined by an Australian court for disabling iPhones and iPads that had been repaired by unauthorized repair services. The ACCC sued Apple, claiming the company broke Australian consumer law by using a software update to disable iPhones and iPads fixed by third parties. Last month, Australia’s federal court agreed with the regulator and imposed a $6.7 million fine on Apple.
Apple (AAPL) has significantly narrowed Spotify’s (SPOT) lead in the US streaming music market. Music streaming companies like Apple typically don’t break down their subscriber metrics by country, but they report these figures to their partners such as music distributors and record companies.
The European Union regulators slap Alphabet, Inc.'s (GOOGL) Google with an antitrust fine of 4.34 billion euro ($5 billion) for illegally using its android software to suppress competition.
Shares of Apple (AAPL) are up roughly 10% over the last three months as investors show their confidence in the world's most valuable company. Now let's check out why the iPhone giant looks like a strong buy stock at the moment.
Apple (AAPL) has reportedly planned to invest $300 million in a clean energy fund in China (MCHI) (FXI), as the country’s government has been making efforts to reduce pollution. Apple has partnered with suppliers to invest in renewable energy projects to help power homes in China. China’s government has been focusing on reducing its pollution levels and has insisted local and international firms work to reduce smog levels in big cities.