Apple looks to increase production in H1 2021

  • Apple announced its intention to raise iPhone manufacturing by nearly 30% to up to 96mn units in the first half of 2021
  • The target would include the latest iPhone 12 as well as older iPhone 11 and SE models
  • The company, which in October recorded the steepest decline in handset sales in at least three years, has said it expected iPhone revenue growth to be in single digits in the current quarter, the first of its 2021 fiscal year
  • Apple shares have soared in the past two years as it successfully diversified its revenue streams toward accessories, services and a broader range of hardware, lowering its dependence on the iPhone
  • The company is currently working on a new Apple TV model and preparing an aggressive 2021 production schedule for its MacBook Pro and iMac Pro

    Apple fundamentals

    Over the current book year the total revenu from the company based in Cupertino will be 315,48 billion USD (consensus estimates). This is rather significant more than 2019's revenue of 274,52 billion USD.

    Historical revenues and results Apple plus estimates 2020

    beurskoers Apple

    The analysts expect for 2020 a net profit of 66,1 billion USD. For this year the consensus of Apple 's result per share is a profit of 3,97 USD. So the price/earnings-ratio equals 33,24.

    For this year the analysts expect a dividend of 85 cents per share. Thus the dividend yield equals 0,64 percent. The average dividend yield of the hardware & equipment companies equals a limited 0,33 percent.

    Recent target prices around 138 USD

    The most recent recommendations for the hardware & equipment company are from UBS , Wedbush Morgan Securities and Raymond James.

    Apple 's market capitalization is based on the number of outstanding shares around 2345,5 billion USD. The Apple stock was the past 12 months quite unstable. Since last December the stock is even 84 percent higher. This year the stock price moved between 53 and 138 dollar.

    Historical stock prices Apple

    equity research apple

    Click here for dividend Apple. On Thursday, the stock closed at 131,97 USD.

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