Is Apple still a growth stock?
While Apple continues to trade like it’s a growth stock, its key profit driver – the iPhone – faces market saturation around the world.Click to see full answer. Subsequently, one may also ask, is Apple considered a growth or value company? Why Apple Is Not a Value Stock By that logic, Apple shares are considerably…
While Apple continues to trade like it’s a growth stock, its key profit driver – the iPhone – faces market saturation around the world.Click to see full answer. Subsequently, one may also ask, is Apple considered a growth or value company? Why Apple Is Not a Value Stock By that logic, Apple shares are considerably 0vervalued. After all, its PEG is 2.5 — based on a price-earnings ratio of about 24.7, according to Morningstar — and some 30 analysts’ average forecast of 9.9% annual five year earnings growth for Apple, according to YahooFinance. is Apple still growing? But it’s also Apple’s fastest-growing segment. Wearables sales have been growing by 50% year over year in recent quarters, including Apple’s first quarter of fiscal 2019, according to Cook’s recent letter. Combining to account for 31% of Apple’s revenue, these two segments are still small in comparison to iPhone. Considering this, is Apple stock still a good buy? Apple Stock Price, Volume Action On Oct. 11, Apple stock rose above its prior all-time high of 233.47 set in October 2018. AAPL stock is now near the 280 price level, some 26% above the buy point. When stocks become 20% to 25% extended beyond a buy point, that’s usually a good time to take some profits.Why has Apple stock gone up? Apple stock has doubled since the start of 2019. Driving the stock higher has been anticipation of a rebound in iPhone sales when the first 5G models are launched later this year, as well better-than-expected iPhone 11 demand and enthusiasm about the company’s services and wearables segments.
