Apple Inc (AAPL)
| Market Cap | 2.61T |
| Revenue (ttm) | 385.71B |
| Net Income (ttm) | 100.91B |
| Shares Out | 15.44B |
| EPS (ttm) | 6.42 |
| PE Ratio | 26.37 |
| Forward PE | 24.83 |
| Dividend | $0.96 (0.57%) |
| Ex-Dividend Date | Feb 9, 2024 |
| Volume | 44,456,222 |
| Open | 169.88 |
| Previous Close | 169.89 |
| Day's Range | 169.18 - 171.34 |
| 52-Week Range | 164.08 - 199.62 |
| Beta | 1.28 |
| Analysts | Buy |
| Price Target | 204.60 (+20.85%) |
| Earnings Date | May 2, 2024 |
About AAPL
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, ... [Read more]
Financial Performance
In 2023, Apple's revenue was $383.29 billion, a decrease of -2.80% compared to the previous year's $394.33 billion. Earnings were $97.00 billion, a decrease of -2.81%.
Financial StatementsAnalyst Forecast
According to 31 analysts, the average rating for AAPL stock is "Buy." The 12-month stock price forecast is $204.6, which is an increase of 20.85% from the latest price.
News
Apple renews talks with OpenAI for iPhone generative AI features, Bloomberg News reports
Apple Inc has renewed discussions with OpenAI about using the startup's generative AI technology to power some new features being introduced in the iPhone later this year, Bloomberg News reported on F...
Cramer's week ahead: Fed meeting and earnings from Apple, Amazon, Eli Lilly
CNBC's Jim Cramer on Friday walked investors through next week on Wall Street.
GOOGL, META, AAPL: The A.I. Race for Big Tech
Gemini powers Google Cloud's suite of pre-trained A.I. services like Vision A.I.
AMZN, AMD, AAPL: Upcoming Earnings & Technical Trends
Amazon (AMZN) and AMD (AMD) report earnings Tuesday, postmarket. Amazon's adjusted EPS is estimated at $0.81 and revenue is estimated at $142.55B.
Apple Drops to Fourth Place Smartphone Seller in China
International Data Corp. said Lunar New Year stimulated shopping sentiment, and in high-end devices Android phones are winning over customers.
The Investment Committee's Pullback Playbook: Nvidia, Applied Materials, Apple, Uber, XLF and XLV
The Investment Committee share their pullback playbook for today's down market.
Spotify says Apple has rejected its app update with price information for EU users
Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
DR Congo presses Apple over minerals supply chain, lawyers say
Democratic Republic of Congo is pushing Apple Inc for information about its supply chain over concerns it may be tainted with conflict minerals sourced from the country, international lawyers engaged ...
Microsoft and Apple are safer bets than the U.S. government? Bond investors seem to think so.
Unless, however, the company is Microsoft Corp. or Apple Inc., which have outstanding bonds that have been trading at negative spread levels to Treasurys, implying they're less risky than debt backed ...
Apple loses top spot in China market with shipments down 6.6% in Q1, data shows
Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research fi...
Apple's Marketing Head for Vision Pro Retires
Apple's head of marketing for its new headset, the Vision Pro, has retired from his role. Frank Casanova has worked at the Big Tech firm for 36 years, according to a Wednesday (April 24) Bloomberg re...
Apple's issues are piling up, analyst says
While Apple (AAPL) deals with a lawsuit by the Department of Justice (DOJ), the Magnificent Seven member stock could be losing ground in one of its most valuable markets: China. Recently, reports have...
Big Tech Stocks Need to Deliver, Says BlackRock's Moore
"I want everyone to have some confidence in US companies doing the right thing," BlackRock's Kate Moore said on "Bloomberg Surveillance." She sees companies putting a 'front and center' focus on cost ...
Spotify submits a new update to Apple with pricing information for EU users
Spotify said today that it has submitted a new version of its app for EU users with pricing information and basic site information. Critically, the version doesn't contain the link to the website.
Apple And Fortnite Maker Epic Games Are Heading Back To Court Again — Here's Why
Apple and Epic Games are heading back to court next month after the Fortnite maker accused the tech giant of a bad-faith attempt to open up App Store payments, according to a court order issued Tuesda...
China In Focus As Apple Reports Q2 Results
Apple Apple is expected to publish its Q2 FY'24 results in early May, reporting on a quarter that is likely to see Apple's iPhone experience sluggish demand. We expect earnings to stand at $1.52 per s...
Hasan: US Tech Shows Significant Growth
Faisal Hasan, Al Mal Capital CIO & Asset Management Head, discusses earnings, tech stocks and the strong US dollar. He speaks with Vonnie Quinn on Bloomberg Daybreak: Middle East & Africa.
Report: Apple Expected to Launch New iPad Models May 7
Apple will reportedly launch new products in a May 7 online event. The company sent invitations to the media Tuesday (April 23), and those files feature a graphic that includes the iPad stylus, Apple ...
Opinion: The move by Apple Memories to block potentially upsetting content illustrates Big Tech's reach
How do algorithms determine the way we interact with our memories?
Apple Acquires Paris AI Startup Datakalab
Apple has stepped up its foray into artificial intelligence (AI) by acquiring Datakalab, a Paris-based AI tech startup. The acquisition, finalized on Dec. 17, was quietly noted in a filing with the E...
Apple iPhone Sales in China Dive 19%
Apple's iPhone sales in China fell 19% during the March quarter, according to data from an independent research firm that marked the gadget's worst performance there since Covid struck around 2020. Bl...
Apple iPhone Q1 sales fall 19% in China as smartphone competition increases
Apple (AAPL) faces mounting challenges as, according to data from Counterpoint Research, iPhone sales fell over 19% year-over-year in China, marking its worst performance since the Covid pandemic in 2...
Apple Expected To Unveil New iPads at Event on May 7
Apple (AAPL) on Tuesday announced a May 7 event, with the tagline "Let loose," where the company is expected to unveil its latest iPad models.
Apple's iPhone sales in China plummet nearly 20% in first quarter — worst since 2020
Apple, once the dominant player in the smartphone market, is now the third most popular brand on the mainland.
Apple Readies AI Push for Its Macs: Power On
Apple plans to overhaul the entire Mac line with AI-focused M4 chips. Bloomberg's Mark Gurman explains in this week's Power On.