“Apple Inc. shares have gained 45% in 2017 and sit just below all-time highs, yet Apple’s stock still looks like a bargain buy for both the short and long haul,” Dan Burrows writes for Kiplinger. “The iPhone maker is back on track, has more cash than ever and boasts a solid – albeit short – record of raising its dividend.”
“Most importantly, consumers have taken to the latest iteration of the iPhone, which is the company’s most important product by far. Indeed, thanks to its 10th-anniversary iPhone X, ‘Apple is getting its mojo back,’ say analysts at UBS, who have a ‘Buy’ rating on AAPL,” Burrows writes. “‘Underlying demand is strong and not just for the iPhone,’ UBS analysts note. ‘iPad has turned the corner with two periods of growth, Macs surprised to the upside (in the quarter ended Sept. 30), Apple Watch units jumped by over 50%, and services (such as Apple Music) increased by 24%.'”
Apple’s liquid holdings are legendary. The tech behemoth had $268.9 billion in cash, cash equivalents and securities as of Sept. 30. Much of that cash is held overseas, but proposed tax legislation working its way through Congress – specifically, a low one-time repatriation rate that could drastically reduce the taxes Apple would pay on it – could prompt Apple to bring some of that hoard back home,” Burrows writes. “Repatriation holiday or not, Apple’s cash situation gives it tremendous flexibility. Raise the dividend? Buy back stock? Execute a bold acquisition? Apple can afford all three.”
Burrows writes, “It’s not often you can say this about any of the best stocks in tech, but the share price is right.
Read more in the full article here.
MacDailyNews Take: AAPL, as ever, remains significantly undervalued.
Nooooooooooooo Ya Don’t Say.
btw… this new Apple Watch + Cellular is the fra-chisel. Apple WILL and IS changing the entire healthcare system. iOrdered the KardiaBand from AliveCore, $199.00.
Why? Because iAm interested in maintaining and monitoring my health on a day to day basis, instead of sitting around and drinking 32oz. Big Gulps and stuffing my face with that putrid fast food (IF you can even call that shite “FOOD”).
Diabetes and obesity IS a noose around this countries neck. The chair is going to be kicked out from beneath this country soon……. just maybe iPonder it may have already happened due to the present state of our health care system… If you can even call it Health Care @ this point. FREE HEALTHCARE OH BLAH BLAH ON THE STUMP RAGED!!! Well iHave news for you folks…. NOTHING……. iMean NOTHING!!!!! Comes for FREE!
Bunch of ENTITLEMENT WHINERS….. Get to fcking WORK! DO SOMETHING!! PUT THE TRIPLE CHEESEBURGER DOWN AND GET INVOLVED WITH YOU YOUR OWN HEALTH AND STOP SUCKING OFF THE SYSTEM!
Have a nice day. God Bless America & MERRY CHRISTMAS.
wow iJah420 – you started off okay – but then went into some sort of anger mode. take a breath and by all means get some perspective. oh and stop reading too much slanted news! peace out.
Chill, Winston…iTal is ViTal*