Apple (NASDAQ:AAPL) Stock Quotes, Forecast and News Summary

Apple Inc. has been one of the largest and most influential technology companies in the world, with a diverse portfolio of hardware and software products that include the iPhone, iPad, Mac, iPod, Apple Watch, and Apple TV, as well as services like the App Store, Apple Music, iCloud, and others. At its annual Worldwide Developers Conference (WWDC) held on June 6, 2024, the company unveiled a variety of new features and advancements for its software platforms, including iOS, iPadOS, macOS, watchOS, and tvOS, which were met with positive sentiment from investors.

Wedbush analyst Dan Ives compared the shift in investor sentiment toward Apple's stock post-WWDC 2024 to Nvidia's strong yet slightly declining stock performance after its robust second-quarter earnings. The focus on demand, guidance, and growth metrics is crucial for investors to assess a company's financial health and potential for future success.

In the quarter ended May 7, 2024, Apple's Earnings Per Share (EPS) stood at $1.40, which was better than the industry average. The stock had a Price-to-Earnings (P/E) ratio of 34.5x, a Price-to-Book (P/B) value of 51.6x, a Return on Equity (ROE) of 30.4%, and a Debt-to-Equity (D/E) ratio of 1.5x.

As of August 29, 2024, the stock price for Apple (NASDAQ: AAPL) was $231.435. The company has a consensus price target of $240.10 and pays a quarterly cash dividend of $0.25 per share of Class A Common Stock.

Apple's Q4 earnings are scheduled for Thursday, October 31, 2024. There is no upcoming stock split planned, and the company operates in the Information Technology sector and Technology Hardware, Storage & Peripherals industry.