Apple Inc (NASDAQ: AAPL) AirPods Max: What’s The Big Deal

Apple (NASDAQ: AAPL) shares are trending after the company unveiled the $550 AirPods Max headsets. Analysts are hopeful that the new product will be a success, just like the AirPods wireless earbuds. Apple is betting big on services, accessories and software as it seeks to cut its reliance on the iPhone business. A few days ago, Apple stock was upgraded to buy from hold by Loop Capital Markets analyst Ananda Baruah. The analyst has a price target of $131 for Apple stock.

Apple is also upping its subscription game. The company plans to launch Apple Fitness+ on December 14. The service is built around the health-tracking capabilities of Apple Watch and will provide subscribers health updates, live heath data, news, health insights and much more.

Prices Apple

Year expectations Apple

Over the current book year the total revenue will be 315,25 billion USD (consensus estimates). This is hugely more than 2019's revenue of 274,52 billion USD.

Historical revenues and results Apple plus estimates 2020

The analysts expect for 2020 a net profit of 66,02 billion USD. For this year the consensus of Apple 's result per share is a profit of 3,96 USD. So the price/earnings-ratio equals 31,41.

Analysts expect a dividend of 85 cents per share. The dividend yield is then 0,68 percent. The average dividend yield of the hardware & equipment companies is a low 0,29 percent.

Newest target prices around 144 USD

The most recent recommendations for the hardware & equipment company are from Wedbush Morgan Securities, Raymond James and D.A. Davidson & Co.

Apple 's market value equals around 2210,6 billion . The Apple stock was the past 12 months quite unstable. Since last December the stock is even 87 percent higher. This year the stock price moved between 53 and 138 dollar.

Historical stock prices Apple

Click here for dividend Apple. On Tuesday the stock closed at 124,38 USD.

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