Stocks are higher in early trading to end the week as European finance ministers meet to discuss a debt crisis that threatens to wreak havoc on several countries. Shares of AAPL are up strong on news that we are weeks away from the iPhone 5 launch (see below). Catalysts also include the iPad 3 in the spring of 2012; continued adoption in China and other emerging markets; iCloud / iOS 5 rollout and adoption; the continued evolution and next generation of Apple TV; and new platforms such as mobile advertising (iAd), books / publishing and social (Ping). Shares of Apple trade at 10x Enterprise Value / Trailing Twelve Months Free Cash Flow (including long-term marketable securities).
No comments:
Post a Comment