Apple Inc (AAPL)

[Investors3]

Gene Munster sees long-term upside for Apple stock
Monday, December 2, 2024 1:01 pm
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Last month, Deepwater Asset Management’s Gene Munster said in an interview on CNBC that the impact of Apple Intelligence on Apple’s earnings won’t be seen until the next “few quarters,” pointing to long-term upside for Apple stock.

Insider Monkey:

He has revised his targets for growth but believes the stock has upside in the long term.

“I own it personally and think there’s still some upside. I’m always looking ahead, and I believe the numbers still have room to grow. However, one piece has changed. If you had asked me two weeks ago, I would’ve said the Street expected iPhone growth around 15% for fiscal 2025. I’ve revised that — I now think it’s closer to 10%. The Street is at 5%, so I still see upside, but not as much. I’m also shifting some of that revenue into 2026, so this represents a slight change in my perspective.”

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MacDailyNews Take: Apple Intelligence is a multi-year supercycle, not an immediate one.

https://macdailynews.com/2024/12/02/gene-munster-sees-long-term-upside-for-apple-stock/

Apple shares hit new all-time closing high
Monday, December 2, 2024 4:28 pm
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In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $2.26, or 0.95%, to $239.59, a new all-time closing high. Apple’s intraday high was also set today at $240.79.

Apple’s 52-week low stands at $164.08.

Monday’s trading volume for AAPL shares was 39,044,495 versus Apple’s average trading volume of 48,484,395 shares.

Apple’s PE Ratio currently stands at 39.41.

Apple currently has a market value of $3.622 trillion, making it the world’s most valuable company.

The top five U.S. publicly-traded companies, based on market value:

1. Apple (AAPL) – $3.622T
2. NVIDIA (NVDA) – $3.395T
3. Microsoft (MSFT) – $3.204T
4. Alphabet (GOOGL) – $2.112T
5. Amazon (AMZN) – $2.216T

Selected companies’ current market values:

• Meta Platforms (META) – $1.483T
• Tesla (TSLA) – $1.146B
• Berkshire Hathaway (BRK-A) – $1.029T
• Taiwan Semi (TSM) – $1.008T
• Walmart (WMT) – $744.663B
• Netflix (NFLX) – $383.746B
• Advanced Micro Devices (AMD) – $230.536B
• Cisco (CSCO) – $237.015B
• Adobe (ADBE) – $227.231B
• Disney (DIS) – $212.404B
• IBM (IBM) – $210.255B
• Sony (SONY) – $120.357B
• Intel (INTC) – $103.210B
• Dell (DELL) – $86.117B
• SoftBank (SFTBF) – $84.781B
• Spotify (SPOT) – $97.052B
• Hewlett-Packard (HPQ) – $35.116B
• Nokia (NOK) – $22.709B
• SiriusXM (SIRI) – $9.331B
• Sonos (SONO) – $1.718B
• BlackBerry (BB) – $1.536B
• RealNetworks (RNWK) – $34.820M

Apple all-time high (AAPL) via NASDAQ here.

MacDailyNews Take: Warren Buffett, not looking so prescient as of late, left a huge chunk of change, significant even for him and his Berkshire Hathaway investors, on the table this year by liquidating so many Apple shares. 😏

Anyone who sold Apple this year must be allergic to money. Own AAPL, don’t trade AAPL.

https://macdailynews.com/2024/12/02/apple-shares-hit-new-all-time-closing-high-241202/#google_vignette