Market Update (NASDAQ:AAPL): Apple Watch Leads The Way: 12 Million Shipments in 2015

[at Forbes] – Apple is leading the way in the smartwatch market according to Canalys (Wareable) Tim Cook might be keeping schtum about the official sales figures for the Apple Watch but that hasn’t stopped the analyst brigade from playing the guessing game. The latest forecaster to have a punt is Canalys, who has estimated Read more on this. Apple Inc. (AAPL) , currently valued at $526.10B, opened this morning at $94.29. Looking at the equity, the company’s one day range is $94.07 to $95.28 with a trailing 52-week range being $92.00 to $134.54. Priced at 10.46x this year’s forecasted earnings, AAPL shares are relatively expensive compared to the industry ’s 7.94x forward p/e ratio. The company pays shareholders $2.08 per share in dividend income per year, for a current yield of 2.21%. According to a consensus of 37 analysts, the earnings estimate of $2.00 per share would be $0.33 worse than the year-ago quarter and a $0.46 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $9.08, which would be a $0.14 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $52.05 Billion. If reported, that would be a 10.27% decrease over the year-ago quarter. Recently, BofA/Merrill upgraded AAPL from Neutral to Buy (Jan 12, 2016). Previously, Mizuho upgraded AAPL from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $136.18, which is 44.43% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Company Update: Apple Inc (NASDAQ:AAPL) – Fitbit to launch full Apple Watch rival with longer battery life Market Update (NASDAQ:AAPL): Apple’s Big Problem With The Apple Watch Must Be Fixed Company Update (NASDAQ:AAPL): This app can make your cheaper Google smartwatch look just like an Apple Watch