Apple Inc. with total market capitalization of $695 billion surpassed Microsoft Corp. (NASDAQ:MSFT) and nearly doubled market cap that of Google Inc. (NASDAQ:GOOG).
On Wednesday, Kristen Scholer wrote about Apple’s profit of $18 billion, that it was the highest ever posted by a public company in one quarter. Apple today has a cash pile of almost $178 billion, which is more than enough to buy IBM.
According to Apple’s senior portfolio manager, Daniel Morgan said that the company’s quarterly result was excellent and showed a good sign, but it is upsetting for its rivals Microsoft Corp. and IBM. According to BTIG analysts, the company will see even more upside in first quarter of 2015, as the tech giant has the potential to earn strong revenue and earnings per share growth this year.
After company released its quarterly results, many research firms increased their target price on Apple. For example, Citi reportedly wrote that besides having more worth than any other public company, Apple costs less than the broader market on P/E basis. Citi today has $135 target share price on Apple.
There are chances that Apple could tumble its top competitor Samsung Co. in the smartphone battle. Samsung reported 27% decrease in its profit last quarter, as per company’s earnings’ report. According to the management, this is due to lower smartphone sales. However, another report states that, Apple has presumably conquered the Chinese market from Samsung in terms of smartphone sales.
Co-Founder of Global Equities Research, Trip Chowdhry predicted apple share price to go up to $150. He mentioned the firm as “a multiyear, multi product, multi geography, multi service growth company”. An announcement followed by, from California-based company’s CEO, Tim Cook that Apple’s iWatch will be released in April. Trip is expecting Apple watch to be an “extraordinary success”.
62 analysts recently covered Apple Inc., out of which 45 has rated it as a ‘buy’ whereas, 13 gave it a ‘hold’ rating.
The company’s share price climbed to $114.90 during the after-hours trading on Friday.
After company released its quarterly results, many research firms increased their target price on Apple. For example, Citi reportedly wrote that besides having more worth than any other public company, Apple costs less than the broader market on P/E basis. Citi today has $135 target share price on Apple.
There are chances that Apple could tumble its top competitor Samsung Co. in the smartphone battle. Samsung reported 27% decrease in its profit last quarter, as per company’s earnings’ report. According to the management, this is due to lower smartphone sales. However, another report states that, Apple has presumably conquered the Chinese market from Samsung in terms of smartphone sales.
Co-Founder of Global Equities Research, Trip Chowdhry predicted apple share price to go up to $150. He mentioned the firm as “a multiyear, multi product, multi geography, multi service growth company”. An announcement followed by, from California-based company’s CEO, Tim Cook that Apple’s iWatch will be released in April. Trip is expecting Apple watch to be an “extraordinary success”.
62 analysts recently covered Apple Inc., out of which 45 has rated it as a ‘buy’ whereas, 13 gave it a ‘hold’ rating.
The company’s share price climbed to $114.90 during the after-hours trading on Friday.
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