Stock Update: Apple Inc (NASDAQ:AAPL) – New Music Apps from Apple Transform iOS Devices into Handheld Studios for Songwriters & Beatmakers

[Business Wire] – Apple® today announced a new addition and a major update to its family of music-making apps for iOS that make it easy for people to tap into their musical potential and create incredible music no matter where they are. Read more on this. Apple Inc. (AAPL) , valued at $523.57B, opened this morning at $95.10. Today’s price range has been between $93.42 and $95.47 per share with the price of the stock fluctuating between $92.00 to $134.54 over the last 52 weeks. Apple (AAPL) shares are currently priced at 10.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.89x earnings multiple for the same period. The company pays shareholders $2.08 per share annually in dividends, yielding 2.14%. In a review of the consensus earnings estimate this quarter, 39 sell-side analysts are looking at $3.23 per share, which would be $0.17 better than the year-ago quarter and a $0.02 sequential increase. Investors should also note that the full-year EPS estimate of $9.53 is a $0.31 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $76.66 Billion. If reported, that would be a 2.76% increase over the year-ago quarter. More recently, BofA/Merrill upgraded AAPL from Neutral to Buy (Jan 12, 2016). Previously, Mizuho upgraded AAPL from Neutral to Buy. The average price target for AAPL shares by the analysts covering it is $142.73, which is 50.08% above where the stock opened. See more in (NASDAQ:AAPL) Similar Articles: Market Update: Apple Inc (NASDAQ:AAPL) – Will 2016 Be the Year Apple Music Takes Off? Stock Update: Apple Inc (NASDAQ:AAPL) – Apple Brings Apple Music, iTunes Movies & iBooks to Customers in China Starting Today Stock Update (NASDAQ:AAPL): Apple Music, Beats 1, App Store down for many users