Apple Inc (NASDAQ:AAPL) – Apple to roll out larger-screen iPhones, scrap 5c, report says

Apple Inc (NASDAQ:AAPL) [at San Jose Mercury News] – Apple will come out with two new iPhone models this year, and each one will feature a larger screen, according to a report Thursday.
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Apple Inc. (AAPL), with a current market cap of $496.29B, started trading this morning at $554.00.
 
A quick look at the market, the company’s traded between $550.56 to $555.58 and has traded between $385.10 and $575.14 over the past year.
 
AAPL shares are currently priced at 12.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 35.52x forward p/e ratio.
 
And for those looking to make a return holding the stock, the company pays shareholders $12.20 per share annually in dividends, yielding 2.30%.
 
In a review of the consensus earnings estimate this quarter, 46 sell-side analysts are looking at $14.09 per share, which would be $0.28 better than the year-ago quarter and a $0.23 sequential increase. The full-year EPS estimate is $43.85, which would be a $4.10 better than last year.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $57.46 Billion. If reported, that would be a 5.41% increase over the year-ago quarter.
 
In terms of ratings, Standpoint Research downgraded AAPL from Hold to Sell (Jan 6, 2014). Previously, UBS upgraded AAPL from Neutral to Buy.
 
With the above information in mind, readers should note that the average price target is $598.88, which is 8.10% above where the stock 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) .

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