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Summary
- Apple stocks climbed over 5 per cent following the release of their production report that highlighted a rise and positive market sentiments. The stock is currently trading all-time high.
- The stock has rallied by 83 per cent year-to-date (YTD). It delivers a 73.69 per cent return on equity currently.
- Its current market capitalization is approximately US$ 2.22 trillion. The tech firm also offers a quarterly cash dividend of US$ 0.205 per common share.
Stocks of Apple Inc. (AAPL: US or NASDAQ: AAPL) soared 5.01 per cent to a record US$ 127.88 per unit on Wednesday, December 15, in the wake of production increase report and festive season mood of investors. The spike came after a two-day losing stretch, highlighting the positive market sentiments amid recent vaccine rollout in few countries.
Apple also plans to manufacture approximately 230 million iPhones in 2021, nearly 30 per cent production rise year-over-year (YoY), media outlets reported. US indices are also on a rising trend on the back of the government spending bill, COVID-19 related stimulus measures and vaccine developments.
Let us observe how its Apple’s current market fundamentals stand:
Apple Inc. (AAPL: US or NASDAQ: AAPL)
Current Stock Price: US$ 127.88
The tech giant stock increased by 14 per cent in the last three months and garnered over 83 per cent returns year-to-date (YTD). Its current market cap stands at almost US$ 2.22 trillion.
Its 10-day average trading stock volume is 99.6 million units and 30-day average trading volume currently holds 108 million units.
Apple’s Board of Directors approved a quarterly cash dividend of US$ 0.205 per common stock, a 75 per cent plunge quarter-over-quarter. The iPhone maker distributed the same on November 12. It holds a current dividend yield of 0.67 per cent and 3-year dividend growth of 9.06 per cent.
The stock has a current price-to-earnings (P/E) ratio of 35.10 and a price-to-book (P/B) ratio of 30.232. Its price-to-cashflow (P/CF) ratio is 25.60 and debt-to-equity (D/E) ratio is 1.72. The stock delivers a positive return on equity (ROE), and a return on assets (ROA) of 73.69 per cent and 17.33 per cent, respectively. The present earnings per share (EPS) is US$ 3.29, as per TMX data.
Apple’s YTD Price Chart (Source: EODHD/Others, Thomson Reuters)
In the fourth quarter of 2020 (ending September 26), Apple registered revenues of US$ 64.7 billion. The operating income was US$14.77 billion, down 5.44 per cent year-over-year (YoY). Its cash and cash equivalents also plunged to US$38.01 billion, a decrease of 22.16 per cent YoY. Its international sales accounted for 59 per cent of its total revenue. Services and Mac generated all-time high revenue in Q4 2020.
The tech giant also launched Fitness+℠, the first full-fledged fitness initiative around Apple Watch®, on December 14. Apple Fitness+ provides studio-style fitness sessions to iPhone®, iPad®, and Apple TV® users.
In early December, Apple also came out with new product AirPods Max™ -- headphones that made headlines due to their unusual design.
