“Goldman Sachs adds Apple to its Conviction Buy List with a price target of $163,” StreetInsider reports. “Analyst Simona Jankowski noted that Apple stock trades at a 30 percent discount to the S&P 500 multiple.”
“Jankowski also sees the market shift its focus over the next year from hardware growth to installed base monetization and recurring revenue. The analyst sees Apple with a ‘significant opportunity’ over the next few years to increase its monetization potential given its 500 million iPhone user base,” StreetInsider reports. “With the 500 million user base, Jankowski noted the following opportunities to increase monetization: (1) increased attach of services such as TV, Music, and Pay; and (2) increased attach of additional hardware such as Mac, iPad and Watch.”
StreetInsider reports, “The big catalyst for Jankowski is Apple TV service. The analyst comments: The $100bn Pay-TV industry in the US is ripe for disruption – a trend that accelerated over the summer… a potential launch by Apple next year may help fill the vacuum created by the decline in traditional pay TV subscribers.”
Read more in the full article here.
MacDailyNews Take: We’re currently getting a nice 3.03% bump from this bit of blatantly obvious truth.
SEE ALSO:
Pacific Crest: Apple may rethink Internet TV service or something – November 17, 2015
Apple’s Internet TV service could be ‘Netflix on steroids’ – September 1, 2015
Just because Apple may be getting into original content doesn’t mean it can produce good shows – September 1, 2015
Apple made ‘audacious bid’ for Top Gear trio of Clarkson, Hammond and May, but lost out to Bezos’ Amazon – September 1, 2015
Apple’s move into content creation could devastate Netflix and Amazon
Tuesday, September 1, 2015
Why would Apple want to make their own movies and TV shows? – September 1, 2015
Apple exploring entry into original entertainment production – August 31, 2015
Apple is a sum of ALL its parts, something that analists aren’t capable of even counting, let alone assessing.
It’s wrong to stick just one label on Apple even if it’s necessary for these small minded writers…
Software, OS, hardware, accessories, services, chip design and co-manufacturing are all labels that should together be counted in addition to the unrivaled army of lifelong Apple loyal users, in order to even start evaluating Apple’s real value.
Wall street idiots don’t even understand the compounded relevance…
iPhone sales and iPhone market share is the only thing that matters to Wall Street. As far as Wall Street is concerned the iPhone is the only hardware product Apple sells. It’s been said over and over, Apple is like Snow White and the Seven Dwarfs. The iPhone is Snow White and the Dwarfs are Apple’s other products and services. And on top of that they’re certain the Evil Queen is going to off Snow White quite soon.
/s
Some troll is desperately afraid of the truth hahahahah🤑🤑🤑🤑🤑
Only 4 feedbacks and 35 votes…hahahah
Had to mulitple vote down the 5 star ⭐️⭐️⭐️⭐️⭐️ Rating 35 times to try and bury the truth…
Who’s so afraid of the truth ????? 💥💥💥💥💥
Anybody who says “increase its monetization potential” instead of “make more money” is in the hedge business. Not to be trusted with the English language.
Watch for the haters to start publishing negative stories very quickly to stop Apple’s stock price from moving up because of this recommendation.