Apple shares hit an all time high today of $230.44, giving a market cap of $1.04 trillion.
For its next set of earnings, expected on October 30, 2019, consensus is for earnings per share (EPS) of $2.83, down 2.75% from the prior-year quarter in 2018. Revenue is projected at $62.57 billion, down 0.52% from the same period a year ago.
AAPL is currently trading at a Forward P/E ratio of 17.5, against 9 for its peer hardware computer companies.
On average the shares of Apple have delivered a return of 17.7% a year since they first had their IPO in 1980, 39 years ago!
Today the company received an upgrade by Longbow Research from Neutral to Buy with a price target of $260.00. There are 22 Buy Ratings, 14 Hold Ratings, 3 Sell Ratings, 1 Strong Buy Ratings on the stock.
As of June 2019, Berkshire Hathaway, chaired by Warren Buffet had a 5.5 per cent stake in AAPL of 249.58 million shares, equating to $5.4 billion. It was first revealed in a regulatory filing in May 2016, that Berkshire had acquired a stake in Apple.