The
latest Apple news came today when
analysts urged Apple to announce an iWatch to stay in the competition. Apple will launch iPhone 6, its next flagship phone, soon. According to latest reports,
Apple will release two versions of the device: 4.7-inch and 5.7-inch. Apple
revenues have increased lately, thanks to its flagship device iPhone 5s, as
the Company sold 51 million
iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago
quarter.
The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. As far as Apple earnings are concerned, the EPS was recorded at $40.32 as per today.
The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. As far as Apple earnings are concerned, the EPS was recorded at $40.32 as per today.
Apple’s stock price is currently trading at $528.70 which is down 0.48% last
night. The stock is currently trading at a price-to-earnings multiple (ex-cash)
of 13.2x.The share price was closed
last night at 531.26 decreasing by more than 2.5%.
Apple’s stock has increased 17% in the last one year, making it one of the attractive stocks at NASDAQ. However, Apple shares have fallen 5.8% so far this year But we at Bidnessetc remain Bullish about the company, and with the arrival of the iPhone 6 just weeks away, the company is going to have a fruitful year ahead.
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