Market Update on Apple Inc. (NASDAQ:AAPL) – In Smartphone Sales, the Big Get Bigger

Apple Inc. (NASDAQ:AAPL)

[at New York Times] – Samsung recorded its highest share of smartphone shipments to date in the third quarter, while Apple showed more modest gains, according to a new report from Strategy Analytics.
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Apple Inc. (AAPL), with a current market cap of $483.30B, started the session at $536.28.

Today’s price range has been between $529.30 and $539.25 per share and has traded between $385.10 and $603.00 over the past year.

Priced at 12.22x this year’s forecasted earnings, AAPL shares are relatively inexpensive compared to the industry’s 18.37x forward p/e ratio.

And for passive income investors, the company pays shareholders $12.20 per share annually in dividends, yielding 2.30%.

In a review of the consensus earnings estimate this quarter, 44 sell-side analysts are looking at $13.87 per share, which would be $0.06 better than the year-ago quarter and a $0.43 sequential increase. The full-year EPS estimate is $43.35, which would be a $3.60 better than last year.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $55.70 Billion. If realized, that would be a 2.18% increase over the year-ago quarter.

Recently, Robert W. Baird upgraded AAPL from Neutral to Outperform (Oct 29, 2013).
Previously, Standpoint Research downgraded AAPL from Buy to Hold.

The average price target for AAPL shares by the analysts covering it is $554.63, which is 3.42% above where the stock opened.

Apple Inc. (NASDAQ:AAPL), together with subsidiaries, designs, manufactures and markets mobile communication and media devices, personal computing products and portable digital music players worldwide. Its products and services include iPhone, iPod, iPad and much more.

Tag Helper ~ Stock Code: AAPL | Common Company name: Apple | Full Company name: Apple Inc. (NASDAQ:AAPL) .

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