Apple Inc


Market Cap$2.84T

Compare Apple

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Apple IncApple Inc28.10.52%136%7.71.5
marketMarket Avg49.51.28%13%6.20.1
TechnologyTechnology Avg17.30.64%48%110.9

Earnings Call Q1 2024

February 1, 2024 - AI Summary

Apple reported Q1 FY2024 revenue of $119.6 billion, up 2% YoY despite having one less week in the quarter.
iPhone revenue was $69.7 billion, up 6% YoY, driven by strong performance in several regions and an all-time high for iPhone upgraders.
Mac revenue was $7.8 billion, up 1% YoY, with growth driven by the latest M3-powered MacBook Pro models.
iPad revenue was $7 billion, down 25% YoY due to a difficult compare with the launch of new models in the previous year's December quarter.
Services revenue set an all-time record of $23.1 billion, up 11% YoY, with double-digit growth across various categories and regions.
Apple Vision Pro, the company's spatial computing device, will be available in stores starting tomorrow, with strong excitement from customers and enterprise partners. Other key points:
Apple achieved revenue records in Europe and rest of Asia-Pacific, as well as strong double-digit growth in emerging markets.
The installed base of active devices surpassed 2.2 billion, setting a new record.
Apple highlighted its commitment to innovation, artificial intelligence, environmental sustainability, and racial equity initiatives.
The company declared a cash dividend of $0.24 per share of common stock.
For the March quarter, Apple expects total company revenue and iPhone revenue to be similar to the previous year, excluding the impact of supply constraints on iPhone 14 models.
Services growth is expected to continue at a similar double-digit rate, but foreign exchange headwinds may impact results.

Target Price by Analysts

11.6% upsideApple Target Price DetailsTarget Price

Current Fair Value

0.4% downside

Overvalued by 0.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$2.84 Trillion
Enterprise Value$2.87 Trillion
Dividend Yield$0.9563 (0.52%)
Earnings per Share$6.42
Outstanding Shares15,441,881,000
Avg 30 Day Volume57,116,561


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio28.13
Price to Sales7.68
Price to Book Ratio46.09
Enterprise Value to Revenue7.45
Enterprise Value to EBIT24.22
Enterprise Value to Net Income28
Total Debt to Enterprise0.04
Debt to Equity1.46

Revenue Sources

No data

ESG Score

No data

About Apple Inc

147,000 employees
CEO: Timothy Cook

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Five compa...