According to renowned analyst Ming-chi Kuo, Apple is set to break its tradition of limiting the periscope lens to only its top-tier iPhone 16 Pro Max model. Kuo suggests that Apple is gearing up to introduce the periscope lens in the smaller Pro model, starting with the iPhone 16 Pro. This development has been made possible due to improved manufacturing yields by Largan, the supplier of the lens assembly.
The strong demand for the iPhone 15 Pro Max has resulted in a surge in orders for the lens assembly, leading to increased profitability as the development costs are spread across a larger number of units. Largan, the exclusive supplier of the periscope camera lens for the iPhone 15 Pro Max, is expected to support a staggering 160% year-over-year growth in iPhones equipped with this advanced camera in 2024.
While Kuo’s predictions are a combination of data-driven insights and speculation, the inclusion of the periscope lens in the iPhone 16 Pro model marks a significant shift in Apple’s strategy. Previously, Apple reserved certain high-end hardware features for its most premium models and then gradually expanded the technology to other models in subsequent years. However, this move signifies a departure from that approach, bringing the periscope lens to both premium devices simultaneously.
This introduction of the periscope lens in the iPhone 16 Pro and Pro Max models has the potential to greatly enhance their photography capabilities. By incorporating this advanced lens technology, Apple aims to deliver an improved photography experience to users of both devices.
Updated on: 26/11/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Buy
7:00 AM (UTC)
Date:26 November, 2023
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Apple Inc. Stock Performance and Financial Indicators on November 21, 2023
On November 21, 2023, Apple Inc. (AAPL) had a previous close of $191.49 and opened the day at $191.43. Throughout the day, the stock had a range of $189.74 to $191.52. The trading volume for the day was 1,530,533, which is significantly lower than the average volume of 58,280,203 over the past three months. The market capitalization of Apple Inc. stood at $3.0 trillion.
In terms of earnings growth, Apple Inc. experienced a growth rate of +0.10% in the previous year and is expected to have a growth rate of +7.91% this year. Looking ahead, the company is projected to achieve an earnings growth rate of +8.57% over the next five years. However, the revenue growth for the past year was -2.80%.
The price-to-earnings (P/E) ratio for Apple Inc. is 31.1, indicating that investors are willing to pay 31.1 times the company’s earnings for each share of stock. The price-to-sales ratio is 7.06, suggesting that each dollar of sales generates $7.06 in market value. The price-to-book ratio stands at 47.47, indicating that the stock is trading at a significant premium to its book value.
The next reporting date for Apple Inc. is scheduled for January 25, 2024. Analysts forecast an earnings per share (EPS) of $2.15 for the upcoming quarter. The company’s annual revenue for the previous year was $383.3 billion, with an annual profit of $97.0 billion. The net profit margin for Apple Inc. is 25.31%.
Apple Inc. operates in the Electronic Technology sector and is part of the Telecommunications Equipment industry. The corporate headquarters of the company is located in Cupertino, California.
Overall, on November 21, 2023, Apple Inc. experienced mixed stock performance with a relatively stable opening and a narrow range throughout the day. The company’s financial indicators, such as earnings growth and P/E ratio, suggest positive prospects for the future. However, the decline in revenue growth for the past year may raise some concerns among investors.
Apple Incs Stock Performance and Outlook on November 21, 2023: Strong Financials and Positive Sentiment
On November 21, 2023, Apple Inc’s stock performance was closely watched by investors and analysts. According to data from CNN Money, the 39 analysts offering 12-month price forecasts for Apple Inc had a median target of 195.90, with a high estimate of 240.00 and a low estimate of 125.00.
The consensus among 44 polled investment analysts was to buy stock in Apple Inc. This rating had held steady since November.
Looking at the current quarter, Apple Inc reported earnings per share of $2.15 and sales of $126.1 billion. These figures were impressive and indicated a strong financial performance for the company. The reporting date for these results was set for January 25.
Overall, the outlook for Apple Inc’s stock on November 21, 2023, appeared positive. The median target price from analysts suggested a potential increase in the stock’s value, and the consensus rating to buy further reinforced this sentiment. Additionally, the company’s strong financial performance in the current quarter indicated that it was on track for continued success. Investors and analysts would continue to closely monitor Apple Inc’s stock performance in the coming months.