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Wednesday, May 6, 2015

Stock Market Report: Apple (AAPL)

Stock Market Report: Apple (AAPL)

Apple, Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, portable digital music players, and sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Its products and services include iPhone, iPad, iPod, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and accessories, service and support offerings. The company also sells and delivers digital content and applications through the iTunes Store, App Store, iBooks Store, and Mac App Store. It sells its products worldwide through its retail stores, online stores, and direct sales force and third-party cellular network carriers, wholesalers, retailers, and value-added resellers to the consumer and also sells third-party iPhone, iPad, Mac and iPod compatible products, including application software, and accessories, through its online and retail stores. The company was founded by Steven Paul Jobs, Steve Wozniak and Ronald Gerald Wayne on April 1, 1976 and is headquartered in Cupertino, CA.

Source: MarketWatch

The stock is trading at 123.97 -1.41% today.

Apple reported financial results for its fiscal 2015 second quarter ended March 28, 2015. The Company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of the quarter's revenue.
In the first quarter reported $3.06 per share vs estimate of $2.60, revenues of $74600 vs consensus of $5759, year over year +29.5%.
The company is growing fast due to Iphone(R) and MAC(R) sales, it breaks all time record performance.

Last recommendations from Analyst are favorable:

Source: Briefing

We see a potential growth on AAPL stocks in the short term to a target price of $150-$160.

52 week low: 82.90
52 week high: 134.54

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