[at TechCrunch] – Apple has just been granted a new patent (via AppleInsider) which describes a very comprehensive system for controlling connected home devices. The elaborate setup would make it possible for Apple to use location data fed from things like your iPhone and iPad, as well as use of credit cards or RFID badges to inform automated systems of a user’s whereabouts, and do things like turn on or off power, climate control, lights and more.
The system described works very much like geo-fencing does currently with Apple’s own native Reminders app on iOS: Once a user exits or enters a pre-determined location, other actions are triggered. Instead of simply alerting someone of something they wanted to remember, however, the system described can essentially turn an entire household or office off and on, and prepare it for comfortable human occupancy.
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Apple Inc. (AAPL), valued at $473.81B, started the session at $524.44.
Looking at today’s market, AAPL one day range is $524.40 to $528.89 with its 52-week range being $385.10 to $594.59.
Priced at 12.18x this year’s forecasted earnings, AAPL shares are relatively inexpensive compared to the industry’s 19.88x forward p/e ratio.
The company pays shareholders $12.20 per share annually in dividends, yielding 2.30%.
Consensus earnings for the current quarter by the 48 sell-side analysts covering the stock is an estimate of $13.93 per share, which would be $0.12 better than the year-ago quarter and a $0.55 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $43.26 would be a $3.51 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $57.04 Billion. If realized, that would be a 4.64% increase over the year-ago quarter.
In terms of ratings, Robert W. Baird upgraded AAPL from Neutral to Outperform (Oct 29, 2013). Previously, Standpoint Research downgraded AAPL from Buy to Hold.
Given all the information above, we should disclose to readers that the average price target is $578.53, which is 10.31% above than it opened this morning.
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) .