Apple is trading intraday at $206-207.
This makes Apple the first trillion dollar market value company.
Jim Cramer has noted that if Apple had a price earnings (P/E ratio) multiple that was the average for retail companies then it would be at about a $1.5 trillion market valuation.
Apple has earnings per share of $10.85. At share price of $207 this is a PE ratio of 19.
Apples 2018 third quarter ended June 30, 2018. They had quarterly revenue of $53.3 billion, an increase of 17% from the year-ago quarter, and quarterly earnings per diluted share of $2.34, up 40%. International sales accounted for 60% of the quarter’s revenue.
Apple is providing the following guidance for its fiscal 2018 fourth quarter:
* revenue between $60 billion and $62 billion
* gross margin between 38 percent and 38.5 percent
* operating expenses between $7.95 billion and $8.05 billion
* other income/(expense) of $300 million
* tax rate of approximately 15 percent before discrete items
Apple’s board of directors has declared a cash dividend of $0.73 per share of the Company’s common stock.
Others predict that Apple will get a higher P/E when its service revenue reaches 20% of total revenue.
Apple reported $9.55 billion in services revenue in the last quarter and this had grown by 31%.
Apple bought back $23.5 billion in stock in first quarter and another $20 billion in the second quarter. Stock buybacks tend to increase the stock price as it shows that the company believes they are undervalued and it also reduces the supply of stock that is available.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.