• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

AppleToolBox

Tools and Fixes for Mac, iPad, iPhone & iPod

Search posts

  • Forums
  • Contact

CONNECT WITH US

CATEGORIES

';
  • All
  • iPhone
  • iPad
  • Mac/MacBook
  • Apple Watch
  • How-To’s
  • Reviews

SITE

  • Home
  • About Us
  • Forums
  • Contact
  • Advertise

Search posts

You are here: Home / News / Apple – Flushed with Cash but Price Target Falls

Apple – Flushed with Cash but Price Target Falls

By SK 0 comments Last updated June 2, 2016

Facebook0Tweet0Pin0LinkedIn0

Despite the various acquisition stories floating in the media, Apple is losing some if its attractiveness to its investors. Goldman Sachs cut the stock’s price target. Simona Jankowski, a Goldman analyst slashed her stock price target to $124, which is still 28% above current levels, from $136. She reduced her fiscal 2016 earnings-per-share estimate to $8.39 from $8.40.

This comes at a time, when Apple announced plans to raise $3bn – $4bn debt in Asia via new bonds this week. While there has been a lot of speculation around Apple buying big name media companies such as Netflix or Time Warner, it appears from internal sources that the new capital will focus on share buybacks and dividends.

Apple

In other news, this week, the famed Mary Meeker’s internet report was released which concluded that India was the only country that saw a 43% year over year growth in internet users. India now has 277 million Internet users surpassing the US and second only to China, says the report. Despite this, just about 22 per cent of the Indian market is penetrated, offering scope for huge growth, particularly on mobile.

It is no coincidence that Tim Cook has been busy building ties in India with hopes to convince the Indian government to allow Apple Stores in India. Common sense dictates that the top line for the company can grow only via two ways. Either, sell more new products to the existing customers and or sell existing products to new customers. With hardware refresh cycles projected at every three years, Apple needs to establish itself in new markets such as India in order to be attractive to its investors while at the same time innovating its product line to meet the needs of its existing customers in the matured markets.

As of writing, the stock has shed 1.5% in morning trade following the analyst downgrade. These are some interesting headwinds for the company as it plans to launch its WWDC conference on June 13th.

 

sudz - apple
SK( Managing Editor )

Obsessed with tech since the early arrival of A/UX on Apple, Sudz (SK) is responsible for the editorial direction of AppleToolBox. He is based out of Los Angeles, CA.

Sudz specializes in covering all things macOS, having reviewed dozens of OS X and macOS developments over the years.

In a former life, Sudz worked helping Fortune 100 companies with their technology and business transformation aspirations.

Related Posts:

  • Apple Plans To Manufacture In IndiaApple Plans To Manufacture In India
  • iPhone 5S prices drop by fifty percentiPhone 5S prices drop by fifty percent
  • Will Apple beat Earnings Numbers Today?Will Apple beat Earnings Numbers Today?
  • Apple’s India Strategy with Refurbished iPhonesApple’s India Strategy with Refurbished iPhones
  • Is Apple Struggling in India? India Growth Hits 6-Year LowIs Apple Struggling in India? India Growth Hits 6-Year Low
  • Apple Perception Changed as It Heads into Sept 12 EventApple Perception Changed as It Heads into Sept 12 Event
  • Apple iPhone Components from India, Production slated 16th JulyApple iPhone Components from India, Production…
  • Apple Close to Setting up India StoresApple Close to Setting up India Stores
Facebook0Tweet0Pin0LinkedIn0

Reader Interactions

Write a Comment Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Popular Posts

  • How to get Disney Plus on your Apple TV (including older models) How to get Disney Plus on your Apple TV (including older models)
  • Mail problems with iOS 13.2, Here are some tips Mail problems with iOS 13.2, Here are some tips
  • How to fix red exclamation point errors on AirPods Pro How to fix red exclamation point errors on AirPods Pro
  • How to Manually Manage Music on Your iPhone in macOS Catalina How to Manually Manage Music on Your iPhone in macOS Catalina
  • How to use the new Reminders app to replace other task managers - Complete Guide How to use the new Reminders app to replace other task managers – Complete Guide

Connect with us

Recent Comments

  • Joey on Where is Camera Roll in iOS 13 and iPadOS?: “Anything to do with photography and Apple is a complete disaster. Unless you are a masochist,…”
  • Elizabeth Jones on I Accidentally Deleted Text Messages From My iPhone, How Do I Get Them Back?: “Hi Nicole, It's unlikely. If you recently switched to saving your Messages in iCloud, then a backup made BEFORE…”
  • Nicole on I Accidentally Deleted Text Messages From My iPhone, How Do I Get Them Back?: “Can a 3rd party vendor help if the restore did not work? Or am I totally out of luck?? I…”
  • Tony on CarPlay not working after iOS update, How-To Fix: “I found rebooting my radio fixed the issue. I have 2019 Honda Civic sport. By pressing and holding the…”

Forums: Recent Topics

  • App Store Rakuten Update won’t close
  • Overnight charge caused hot ipad and not able to restart
  • Trash gets frozen emptying.
  • Iphone XS Max and 11 Max apple carplay crashes in Hyundai Elantra 2019
  • Comment bubble stuck on iPad iBook page

Footer

ABOUT

  • About Us
  • Contact us
  • Advertise
  • Privacy
  • Terms of Use

DEVICES

  • iPhone
  • Mac & MacBook
  • Apple Watch
  • iPad
  • AirPods
  • Apple TV
  • iPod Touch

GUIDES

  • iOS 13 & iPadOS
  • Apple ID
  • iCloud
  • App Store
  • iTunes
  • FaceTime
  • iMessage
  • Siri
  • Books and iBooks
  • Game Center
  • AirPlay

CONNECT

  • Facebook
  • Twitter
  • FeedBurner
  • YouTube
  • Google +

© Copyright 2010-2019 AppleToolBox · All Rights Reserved

This site and its content are in no way affiliated or endorsed by Apple, Inc. · Reproduction without explicit permission is prohibited