Company Update (NASDAQ:AAPL): Apple iPhone 6, iWatch Releases Reportedly Delayed By Production Hiccups

Apple Inc (NASDAQ:AAPL) [Entrepreneur] – Rumor has it Apple fans might have to wait even longer for both highly anticipated products.
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Apple Inc. (AAPL), valued at $606.07B, started the session at $100.31.
 
Shares have traded today between $100.19 and $101.47 per share with a one year range of $63.89 to $101.47.
 
Priced at 15.89x this year’s forecasted earnings, AAPL shares are relatively inexpensive compared to the industry’s 23.68x forward p/e ratio.
 
The company pays shareholders $1.88 per share annually in dividends, yielding 2.10%.
 
According to a consensus of 42 analysts, the earnings estimate of $1.29 per share would be $0.11 better than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.33 is a $0.65 improvement 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 $39.46 Billion. If realized, that would be a 5.31% increase over the year-ago quarter.
 
More recently, Barclays upgraded AAPL from Equal Weight to Overweight (Jul 14, 2014). Previously, ISI Group downgraded AAPL from Strong Buy to Buy.
 
The average price target for AAPL shares is $106.29, which is 5.96% above where the stock opened this morning.
 
Summary (NASDAQ:AAPL) :  Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. It also sells software, services, peripherals, networking solutions, and third-party digital content and applications related to its products. The company offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets based on Apple’s iOS Multi-Touch operating system; Mac, a line of desktop and portable personal computers; and iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, iPod shuffle, and iPod classic. It also provides Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and various accessories, service and support offerings; and manufactures the Apple LED Cinema Display and Thunderbolt Display. In addition, the company sells various other application software comprising Final Cut Pro, Logic Pro X, and its FileMaker Pro database software, as well as a range of Apple-branded and third-party Mac-compatible, and iOS-compatible peripheral products, including printers, storage devices, computer memory, digital video and still cameras, pointing devices, and various other computing products and supplies. Apple Inc. sells digital content and applications through the iTunes Store, App Store, iBooks Store, and Mac App Store; and its products through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. The company also sells a range of third-party products through its online and retail stores. It serves various consumers, small and mid-sized businesses, as well as education, enterprise, and government customers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.
 
Tag Helper ~ Stock Code: AAPL | Common Company name: Apple | Full Company name: Apple Inc (NASDAQ:AAPL) .

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