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Where Will Apple Stock Be in 5 Years? Neil Patel, The Motley Fool. October 1, 2024 at 10:15 AM. ... The iPhone in particular accounted for 46% of Apple's sales last quarter.
Based on its fiscal 2023 earnings of $6.13 per share, its bottom line could jump to $10.33 per share in five years. Apple has a five-year average forward earnings multiple of 28, which is a small ...
Guidance did not seem to indicate the expectation of a big jump in iPhone sales. Apple stock trades at a forward price-to-earnings (P/E) ratio of 30 based on fiscal 2025 analyst estimates. Before ...
Apple (NASDAQ:AAPL) shares have been a major winner over the past decade. And while I’ve resisted the temptation to sell as negative headlines flowed in, primarily regarding weaker iPhone sales ...
Despite a rocky start to 2024 — from struggling iPhone sales and layoffs to clashes with antitrust regulators at home and abroad — Apple stock is up 31% from last year, rising 3.6% over the ...
At least 13 analysts raised their target price on Apple, pushing up the median view to $200, which is 15% higher than the stock's last closing price. Apple's stock trades at 25 times its 12-month ...
If Apple's stock falls to a P/E ratio of 30, the stock price would need to decline by nearly 30%. A P/E ratio of 25 (around the S&P 500's valuation) would imply a fall of more than 40%.
But Apple issued a lukewarm forecast for the current January-March period that indicated iPhone sales will slip from last year, supporting the thesis that the company is mired in a financial malaise.