Company Update (NASDAQ:AAPL): The U.S. Is No Longer Apple’s Largest iPhone Market — Tech Roundup

[at TheStreet] – China appears to be Apple’s largest market when it comes to the iPhone, while Google’s challenging South Korea when it comes to its mapping services. Read more on this. Apple Inc. (AAPL) , with a current value of $517.95B, started the session at $94.18. During today’s session, AAPL traded between $93.89 to $95.21 with a one year range of $89.47 to $132.97. Apple (AAPL) shares are currently priced at 11.29x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.52x earnings multiple for the same period. The company pays shareholders $2.28 per share in dividend income per year, for a current yield of 2.52%. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $1.40 per share, which would be $0.45 worse than the year-ago quarter and a $0.37 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.28, which would be a $0.94 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.18 Billion. If realized, that would be a 14.96% decrease over the year-ago quarter. More recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. The average price target for AAPL shares by the analysts covering the stock is $126.25, which is 34.05% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Market Update (NASDAQ:AAPL): Microsoft’s Bill Gates says Apple should help the FBI with iPhone: FT Company Update: Apple Inc (NASDAQ:AAPL) – Fitbit to launch full Apple Watch rival with longer battery life