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Stock impact report

Apple: Strong Teen Demand Keys Future [Seeking Alpha]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Seeking Alpha
SummaryApple remains beloved by teens and their work on products for healthcare workers should only expand this love affair.The record iPhone numbers from the Piper Sandler teen survey support my $17 EPS target.The stock trades at only 15.9x EPS targets, not factoring in the net cash balance.WhileAAPLinvestment thesisImage Source: Apple websiteTeen SurveyWhile teens continue to place a preference on clothing and eating out, these young consumers favor Apple products by a mile over the competition. In the latest Spring survey from Piper Sandler, teens favor iPhones at an all-time record.So even the few teens that don't own an iPhone want to purchase one. These teens eventually grow up and will now be entrenched in the Apple ecosystem. Unlike their favorite clothing brands or restaurants, these teens aren't likely to switch to any other technology brand without a major misstep by Apple as they mature.Of course, the survey is from a more influential crowd with the teenagers listing $2,40 Show less Read more
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