Company Update (NASDAQ:AAPL): Intel’s Apple iPhone 7 Win Could Buoy Qorvo To Skyworks’ Detriment

[at Investor’s Business Daily] – No. 1 chipmaker Intel (INTC) reportedly swiped a third of Apple’s (AAPL) iPhone 7 modems from Qualcomm (QCOM), benefiting Qorvo (QRVO) to the potential detriment of Skyworks Solutions (SWKS), but the U.K.’s … Read more on this. Apple Inc. (AAPL) , valued at $525.23B, began trading this morning at $95.50. Looking at the stock, its one day range is $95.33 to $96.46 with a one year range of $89.47 to $132.97. Apple (AAPL) shares are currently priced at 11.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.04x earnings multiple for the same period. The company pays shareholders $2.28 per share in dividend income per year, for a current yield of 2.44%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $1.39 per share, which would be $0.46 worse than the year-ago quarter and a $0.39 sequential decrease. Investors should also note that the full-year EPS estimate of $8.25 is a $0.97 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.35 Billion. If realized, that would be a 14.62% decrease over the year-ago quarter. 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 it is $124.23, which is 30.08% above where the stock opened. See more in (NASDAQ:AAPL) Similar Articles: Stock Update (NASDAQ:AAPL): Apple Chipmaker Qorvo Leads Skyworks In Carrier Aggregation Battle Company Update: Apple Inc (NASDAQ:AAPL) – Skyworks Growth Threatened By ‘Unfavorable’ Apple iPhone Comparison Company Update (NASDAQ:AAPL): Skyworks, Qorvo: Not Just Apple, Samsung, but China OEMs a Risk, Says Rosenblatt