Key Points:
Apple's after-hours stock price has fluctuated since the company's latest earnings report. The company's stock price dropped by 2.5% after the report was released. The stock price has since rebounded, but it is still trading below its pre-earnings level.
The earnings report showed that Apple's revenue and earnings per share both fell short of analysts' expectations. The company's iPhone sales were particularly weak, declining by 15% year-over-year.
Apple's stock price has been under pressure in recent months due to concerns about the company's future growth. The company's iPhone business is facing increasing competition from Samsung and other Android manufacturers. Additionally, Apple's other businesses, such as its Mac and iPad lines, have not been growing as quickly as the iPhone business.
Analysts are mixed on Apple's future prospects. Some analysts believe that the company's stock price is undervalued and that it has room to grow. Other analysts are more cautious, citing the company's slowing growth and increasing competition.
Apple's stock price is currently trading at around $152.41. The stock price has a 52-week high of $179.99 and a 52-week low of $134.26.
Metric | Q3 2022 | Q3 2021 | YoY Change |
---|---|---|---|
Revenue | $90.15 billion | $83.36 billion | 8.2% |
Net income | $20.72 billion | $21.74 billion | -4.7% |
Earnings per share | $1.29 | $1.36 | -5.1% |
Date | Stock Price | % Change |
---|---|---|
September 30, 2022 | $152.41 | -2.5% |
September 29, 2022 | $156.08 | 0.0% |
September 28, 2022 | $156.08 | 0.0% |
Analyst | Rating | Target Price |
---|---|---|
Morgan Stanley | Overweight | $180.00 |
Goldman Sachs | Neutral | $160.00 |
UBS | Buy | $175.00 |
Risk | Description |
---|---|
Competition from Android manufacturers | Samsung and other Android manufacturers are increasing their market share. |
Slowing growth in iPhone sales | iPhone sales declined by 15% year-over-year in Q3 2022. |
Dependence on China | Apple is heavily dependent on China for both manufacturing and sales. |
Apple's after-hours stock price has fluctuated since the company's latest earnings report. The company's stock price is currently trading at around $152.41. Analysts are mixed on the company's future prospects. Some analysts believe that the company's stock price is undervalued and that it has room to grow. Other analysts are more cautious, citing the company's slowing growth and increasing competition.
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