The growth of the quarterly figures Apple may support future price movements of the company’s shares up. As the analyst of investment company “Finam” Igor Dodonov, in the future we can expect growth in the value of securities up to $ 240, which is 19.1% of the current level.
According to statements of Apple for the fourth fiscal quarter, revenue grew by 19.6%, while shipments of iPhone increased by 0.5%, while revenue from their sales jumped 28.9%.
This contributed to the growth of average prices for the device, analysts explain. Income from services App Store, Apple Music, AppleCare, Apple Pay has also increased (by 17.4%), at the same time, sales of Mac computers fell by 1.6%, of the iPad 6.1%.
As noted Dodonov, management Apple earlier in the year announced plans to cut a net cash position on the balance sheet to zero. At the moment the position is of the order of 135 billion dollars, which gives every reason to expect a further increase in payments to shareholders and more active M&a market.
Read more •••