×
0 0 0 0 0 0 0 0
Stockreport

Apple could command higher multiple if services business grows, says analyst [MarketWatch]

APPLE (AAPL)  More Company Research Source: MarketWatch
Last apple earnings: 5/1 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
PDF Apple could command higher multiple if services business grows, says analyst RBC analyst Amit Daryanani penned an upbeat note about Apple Inc.'s AAPL, -1.53% services business on Monday, writing that he believes investors preoccupied with iPhone unit sales aren't paying enough attention to Apple's ability to generate revenue from current users. Daryanani thinks that growth in the services segment is "largely independent of device cycles," and he believes that this portion of Apple's business would warrant a higher multiple than the hardware side of the company. As such, he thinks Apple could command a higher valuation if services became a greater portion of overall revenue. "While early, we think services will grow into an important part of Apple's strategy, driving investments, determining future product roadmap and perhaps M&A," he wrote. As for M&A, Daryanani sees little possibility of a large deal but says Apple could pay for "quality content either organically or inorganically. [Read more]

IMPACT SNAPSHOT EVENT TIME: AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS