Stock Update: Apple Inc (NASDAQ:AAPL) – Apple CEO: Unlocking San Bernardino iPhone would be ‘bad for America’

[Reuters] – Apple chief Tim Cook on Wednesday said that complying with a court order to help the FBI break into an iPhone belonging to one of the San Bernardino shooters would be “bad for America,” and set a legal precedent that would offend many Americans. “Some things are hard, and some things are right, and some things are both – this is one of those things,” Cook told ABC News in his first interview since the court order came down last week. Read more on this. Apple Inc. (AAPL) , valued at $531.00B, opened this morning at $96.16. Looking at the stock , its one day range is $95.25 to $96.43 with a trailing 52-week range being $92.00 to $134.54. Priced at 10.58x this year’s forecasted earnings, AAPL shares are relatively expensive compared to the industry ’s 6.87x forward p/e ratio. The company pays shareholders $2.08 per share annually in dividends, yielding 2.17%. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $2.00 per share, which would be $0.33 worse than the year-ago quarter and a $0.46 sequential decrease. The full-year EPS estimate is $9.08 which would be a $0.14 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $52.04 Billion. If reported, that would be a 10.29% decrease over the year-ago quarter. Recently, BofA/Merrill upgraded AAPL from Neutral to Buy (Jan 12, 2016). Previously, Mizuho upgraded AAPL from Neutral to Buy. The average price target for AAPL shares by the analysts covering the stock is $135.92, which is 41.35% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Market Update: Apple Inc (NASDAQ:AAPL) – U.S. judge instructs Apple to break into phone of San Bernardino shooter Stock Update: Apple Inc (NASDAQ:AAPL) – Apple News: Apple Pay Adds Card Issuers, BMW Will Have CarPlay, iPhone 7 Rumors Company Update (NASDAQ:AAPL): Great News for the Apple Inc. iPhone 7s and iPhone 8