• 
• See all for Zacks.com
• View Print Version

More from Zacks.com

• Strange Business: Communists Protest Outside Barbie's Dreamhouse
• The Top 5 Spookiest Technologies
• Apple Finds Solace in Strength of China Sales

Referenced Stocks

• AAPL 84% Rate It

Apple Inc. ( AAPL ) reported an outstanding second quarter, with its earnings per share comprehensively beating the Zacks Consensus Estimate by $2.27. We think management guidance was conservative as usual and believe Apple remains the biggest growth story based on its superior product pipeline, apps, iCloud, Apple TV, loyal customer base and international growth opportunities.

However, Apple's ability to spur the popularity of its products in developing nations, where pricing is often an important consideration, will largely influence the company's future growth. Also, stiff competition from Samsung, HTC and Google; saturation in its major markets and increasing legal complexities remain concerns.

We maintain our Outperform rating and set a price target of $685.00. This is based on 14.6X 2012 EPS; currently, AAPL shares are trading at 13.9x 2012 earnings.
 
APPLE INC (AAPL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Related Stocks Articles

• 
  CFO at Duke Realty Resigns, Joins JLL - Analyst Blog
  5/17/2013 05:28 PM
• 
  Pitney to Divest Management Biz - Analyst Blog
  5/17/2013 05:27 PM
• 
  Strange Business: Communists Protest Outside Barbie's Dreamhouse
  5/17/2013 04:53 PM