Market Update (NASDAQ:AAPL): Apple’s Big Problem With The Apple Watch Must Be Fixed

[at Forbes] – How do you sell a smartwatch when the technology will be out of date within a year or two? That’s the challenge facing the industry. While Pebble and Android wear fight it out in the budget space, Apple has a tool at its disposal that could mirror the approach of TAG Heuer, and offer confidence to those looking to buy the Apple Watch or the upcoming Apple Watch 2. Will it use it? Read more on this. Apple Inc. (AAPL) , with a current value of $593.66B, opened at $107.60. Looking at the equity, the company’s one day range is $106.18 to $107.69 with a one year range of $92.00 to $134.54. AAPL shares are currently priced at 11.09x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.24x earnings multiple. And for income investors, the company pays shareholders $2.08 per share annually in dividends, yielding 1.93%. According to a consensus of 40 analysts, the earnings estimate of $3.25 per share would be $0.19 better than the year-ago quarter and a $0.07 sequential increase. The full-year EPS estimate is $9.74 which would be a $0.52 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $77.10 Billion. If reported, that would be a 3.35% increase over the year-ago quarter. More recently, Wells Fargo upgraded AAPL from Market Perform to Outperform (Aug 25, 2015). Previously, BofA/Merrill downgraded AAPL from Buy to Neutral. The average price target for AAPL shares is $148.00, which is 37.55% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Company Update (NASDAQ:AAPL): This app can make your cheaper Google smartwatch look just like an Apple Watch Market Update (NASDAQ:AAPL): Why Apple Watch Still Doesn’t Have a Facebook App Market Update: Apple Inc (NASDAQ:AAPL) – Apple: Raymond James Ups iPhone Numbers, But Watch Disappointing