For today’s bulletin, we take one final look at Apple $AAPL for 2017. We also provide a link to download a FREE STOCK REPORT on the company. We have re-implemented a Valuation Watch.
VALUATION WATCH: Overvalued stocks now make up 60.6% of our stocks assigned a valuation and 25.18% of those equities are calculated to be overvalued by 20% or more. Because overvaluation has once again increased above 60%, we have re-implemented a Valuation Watch. Fourteen sectors are calculated to be overvalued.
EDITOR’S NOTE: We will be publishing on an adjusted schedule for the 2017 holidays–T,TH,F, and then resume our regular M,W,F publication schedule beginning January 8, 2018
Apple Inc. (AAPL) is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered in Cupertino, California.
Apple finishes off 2017 still ranked a BUY by our models. This powerhouse continues to impress, no matter the season–or the iPhone model.
The latest news concerns something many users have long suspected, namely that the company throttles older hardware just around the time new models come out.
Of course, the company deals with this news nicely, claiming that if your iPhone 6 model seems “slow,” it’s only because a “new feature” tells the operating system to cut performance when it senses an aging battery.
The fact that Apple makes it kind of expensive to replace that battery–and restore performance–and discourages their replacement by third-party experts/shops, is only a “coincidence.”
No matter, the legions of users and fanboys will probably be unaffected, some reductions at the margins, or perhaps fewer upgrades in response?
In any case, the stock continues to perform, upgrades occur, and no doubt many were happy to find new hardware, gift cards, etc. under their tree yesterday.
ValuEngine continues its BUY recommendation on APPLE INC for 2017-12-22. Based on the information we have gathered and our resulting research, we feel that APPLE INC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Momentum.
You can download a free copy of detailed report on Apple Inc. (AAPL) from the link below.
| ValuEngine Forecast | ||
| Target Price* | Expected Return | |
|---|---|---|
| 1-Month | 175.68 | 0.39% |
| 3-Month | 174.81 | -0.11% |
| 6-Month | 177.73 | 1.56% |
| 1-Year | 183.11 | 4.63% |
| 2-Year | 181.85 | 3.91% |
| 3-Year | 181.06 | 3.46% |
| Valuation & Rankings | |||
| Valuation | 9.46% overvalued | Valuation Rank(?) | 43 |
| 1-M Forecast Return | 0.39% | 1-M Forecast Return Rank | 79 |
| 12-M Return | 50.49% | Momentum Rank(?) | 86 |
| Sharpe Ratio | 0.59 | Sharpe Ratio Rank(?) | 77 |
| 5-Y Avg Annual Return | 14.41% | 5-Y Avg Annual Rtn Rank | 78 |
| Volatility | 24.30% | Volatility Rank(?) | 61 |
| Expected EPS Growth | 18.57% | EPS Growth Rank(?) | 53 |
| Market Cap (billions) | 1,019.39 | Size Rank | 100 |
| Trailing P/E Ratio | 18.50 | Trailing P/E Rank(?) | 70 |
| Forward P/E Ratio | 15.60 | Forward P/E Ratio Rank | 59 |
| PEG Ratio | 1.00 | PEG Ratio Rank | 46 |
| Price/Sales | 4.45 | Price/Sales Rank(?) | 25 |
| Market/Book | 8.09 | Market/Book Rank(?) | 19 |
| Beta | 1.19 | Beta Rank | 29 |
| Alpha | 0.22 | Alpha Rank | 84 |
DOWNLOAD A FREE SAMPLE OF OUR APPLE (AAPL) REPORT BY CLICKING HERE
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