On Friday, Shares of Apple Inc (NASDAQ:AAPL) higher 0.17% to $121.12.
The firm opened its current trade at $121.11, and as of now, it is trading at $121.12.
The total volume traded for the day is 17.25M shares, as compared to its average daily volume of 50.80M shares. The stock is floating in a range of $120.62 - $121.81.
The stocks hold the market capitalization of $675.28B.
The mean estimate for the short-term price target for the firm stands at $148.88, according to 42 brokers. The higher price target for AAPL is $200.00, while the lower price target is $85.00.
Analysts mean recommendation for the stock is 1.90. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
According to news report, Apple Inc (NASDAQ:AAPL) declared financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, or $1.42 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent contrast to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
The growth was fueled by record fourth quarter sales of iPhone®, the expanded availability of Apple Watch®, and all-time records for Mac® sales and revenue from services.
“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to nearly $234 billion. This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams,” said Tim Cook, Apple’s CEO. “We are heading into the holidays with our strongest product lineup yet, counting iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which starts shipping this week.”
“Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion,” said Luca Maestri, Apple’s CFO. “We returned $17 billion to our investors during the quarter through share repurchases and dividends, and we have now accomplished over $143 billion of our $200 billion capital return program.”
Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock. The dividend is payable on November 12, 2015, to shareholders of record as of the close of business on November 9, 2015.
On the other hand, Highlights from our AAPL Report comprise:
Sold a Record 13 million iPhone(R) 6s and iPhone 6s Plus - On September 28, 2015, Apple Inc., the California based technology major, declared record sale of 13 million units of its latest handsets, iPhone(R) 6s and iPhone 6s Plus, during the opening weekend. The results were in line with the analysts’ estimates and were up from the sale of 10 million units during the debut of the iPhone 6 and 6 Plus last year. Apple informed that sales accomplished by September 26 will be comprised in its Q4 2015 results, while sales accomplished on September 27 will be comprised in its Q1 2016 results.
Innovative Features - Elaborating on iPhone 6s and iPhone 6s Plus’ features, Apple said the new handsets have been incorporated with a number of innovative features counting the 3D touch, which senses how deeply one presses the display and enables one do essential things more quickly and simply. Another feature, Live Photos, bring still images to life, transforming instants frozen in time into unforgettable living memories. 12-megapixel iSight(R) camera, 5-megapixel FaceTime(R) HD camera with Retina(R) Flash, are other distinctive features, making the new handsets far more advanced. These latest handsets are powered by the Apple-designed A9 chip, the most advanced chip ever in a smartphone. Further, the Company stated that the new operating system, iOS 9, brings more intelligence to iPhone with proactive assistance, powerful search and improved Siri features, while protecting users’ privacy.
New Addition to the Board - More recently on October 01, 2015, Apple declared the appointment of James A. Bell as a new member to its board of directors. Mr. Bell is the former chief financial officer and corporate president at The Boeing Company. Having an experience of more than four decades in finance, planned planning and leadership, he is also a member of the board of directors of JP Morgan Chase, Dow Chemical Company, CDW, and a Trustee of Chicago’s Rush University Medical Center.
Pricing & Availability - Available in gold, silver, space gray and the new rose gold metallic finishes, the iPhone 6s and iPhone 6s Plus can be bought for a $0 down-payment with 24 monthly payments starting at $27 (US) and $31 (US), respectively, from Apple’s retail stores in the US, the Company’s website, select carriers and Apple Authorized Resellers.
Apple Watch: According to Canalys’ figures, Apple has shipped a total of 7 million Apple Watches since the devices launched this summer, and was the only company to ship more than 300,000 units in Q3.
- Apple Watch has gone on sale worldwide online and in Apple Stores
- There are three models of Apple Watch: Apple Watch, Apple Watch Sport and the 18k gold Apple Watch Edition. Prices range from £299 to £13,500 inc VAT.
- The smartwatch features a maximum 18-hour battery life and MagSafe ‘wireless’ induction charger.
- Standout Apple Watch features comprises making and receiving calls, viewing email and messages, and “taptic” notifications.
- Over 3,500 Apple Watch apps are available to download now.
- WatchOS 2, the updated Apple Watch operating system, is available now
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific.