Actionable news
0
All posts from Actionable news
Actionable news in AAPL: Apple Inc.,

Apple Inc: 3 Factors Which Could Drive AAPL Stock Higher

Apple Inc (NASDAQ:AAPL) is approaching 1 trillion dollar market cap. These three factors could help Apple achieve this milestone.

Shares of Cupertino based tech giant Apple Inc (NASDAQ:AAPL) hit fresh all-time high after the iPhone maker reported a blow out quarter. Apple reported an EPS of $1.67, good for a 10 cent beat, and revenue of $45.4 billion, $510 million higher than the analyst consensus. The third quarter guidance was higher than what Wall Street was expecting. Apple guided for revenue of $49 billion to $52 billion against analysts estimate of $49.2 billion. Even its iPad segment which was witnessing a decline in sales over the last several quarters reported a growth. Naturally, the stock shot up after the earnings announcement. Apple stock is up 40% this year, taking its market cap to $832 billion. Apple Inc is on the way to hit the trillion dollar market cap soon. Here are three factors which could help Apple Inc achieve this milestone.

A Fortune 100 size segment which is growing fast.

Apple has a Fortune 100 company inside it, and that is growing fast. That's right, Apple's service segment, if taken alone, will be the 98th largest company in the world. In fact, services segment revenue of $27.8 billion in the last twelve months could take it past Facebook (NASDAQ:FB) which reported trailing twelve-quarter revenues of $27.6 billion. The services segment includes revenue from AppleMusic, AppleCare, Apple Pay...


More