Apple Inc.

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SKU: AAPL Category:

Description

Apple has reached our target price after another phenomenal quarter with a 36% jump in revenues and a near triple-digit growth in the earnings per share. The company witnessed a phenomenal growth in emerging markets like India, Latin America, Vietnam, and of course, the Chinese market. The iPhone 12 family was the star contributor with a staggering $39.6 billion in revenues for the quarter. The management fought through the semiconductor shortage and managed to deliver $8.2 billion in Mac sales even after the supply constraints. The company is seeing excellent momentum in its Apple Watch business as nearly three out of four purchasers of the Apple Watch were new customers. One of the biggest takeaways from the result was the huge increase of 150 million paid and transacting subscriber accounts in Apple’s Services segment taking the total to 700 million. The company is also seeing a strong response to the Apple TV 4K and the AirTags. We are highly bullish on Apple and give it a ‘Buy’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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