IPhone X may have sold close to 50 million handsets so far

06 May, 2018, 00:08 | Author: Grady Montgomery
  • Apple iPhone 6s

Along with the new authorization, the Board of Directors has also approved a 16% increase in the company's quarterly dividend. The company has a market cap of $895,918.56, a price-to-earnings ratio of 19.21, a PEG ratio of 1.35 and a beta of 1.26.

The potential share buybacks and dividends follows the passage of the new tax bill in the US late a year ago.

Apple CEO Tim Cook had made it clear all that money would be left overseas if the tax on foreign profits wasn't cut. The passage of the bill will make it cheaper for Apple to bring back the money that it is now holding overseas. "With the greater flexibility we now have from access to our global cash, we can more efficiently invest in our USA operations and work toward a more optimal capital structure".

Lawmakers have been hoping Apple and other companies would use the overseas cash to create more jobs in the USA and spend more on other projects that will help accelerate economic growth. The new design complete with a notch initially did not impress many.

One of the most ridiculed products in the recent times contributed over one-fourth of the company's total revenue.

It's also hard to quantify how much of the repatriated money is being funneled to shareholders. How does Apple keep growth happening in a product line that's already so large and successful?




Apple (NASDAQ:AAPL) has been assigned a $175.00 target price by research analysts at Morningstar in a note issued to investors on Wednesday.

Many believe that Apple missed the mark with its latest iPhone launches. While iPhone X held the top position, Apple's other phones iPhone 8, iPhone 8 Plus and even older iPhone 7 Plus grabbed the top four positions.

"Our business performed extremely well during the March quarter, as we grew earnings per share by 30 percent and generated over $15 billion in operating cash flow", said Luca Maestri, Apple's CFO.

Apple released three new iPhones previous year, iPhone X, iPhone 8 and iPhone 8 Plus in the technology market. During the same period last year, the company posted $2.10 earnings per share. research analysts predict that Apple will post 11.28 EPS for the current year.

Apple bought $23.5 billion of stock in the March quarter, and said it planned to hike its dividend 16 percent, compared with a 10.5 percent increase past year. Apple iPhone X is priced at Rs 95,390 for 64GB storage model, while the 128GB storage version costs Rs 1,08,930. That could lead to Apple having some more iPhones than they were able to sell right away, which would lead to a reduction in supply orders.

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