Apple Is One of the Most Profitable Businesses in the World. Here's Why the Stock Will Be Worth $366 a Share in 1 Year.
Apple's premium brand provides it with tremendous pricing power and a loyal customer base, which has resulted in impressive bottom-line performances.
Apple's premium brand provides it with tremendous pricing power and a loyal customer base, which has resulted in impressive bottom-line performances.
BELLINGS Intelligence Score: 8
Why it matters
This is routine market commentary on Apple's profitability and stock price outlook, which does not affect credit markets or broader financial conditions.
Sources
The Motley Fool
Apple Is One of the Most Profitable Businesses in the World. Here's Why the Stock Will Be Worth $366 a Share in 1 Year.
Apple's premium brand provides it with tremendous pricing power and a loyal customer base, which has resulted in impressive bottom-line performances.
Nasdaq
Apple Is One of the Most Profitable Businesses in the World. Here's Why the Stock Will Be Worth $366 a Share in 1 Year.
Key PointsApple's net profit margin was 27% in the latest fiscal quarter, resulting in almost $30 billion in net income.