Alex Belov
Developers by oneinveststock.com. Analyst, investor
Apple Reports 4Q 2022 Results: Price Target Update
Apple has published a report for the 4th fiscal quarter of 2022. The company also published data for the last 12 months (that is, the entire 2022). The company has new financial records. Q4 revenue was $90.14 billion, up 8% year-over-year.
Shares of Apple (AAPL) went up again after the report. Apple has become virtually the only tech company whose stock has not fallen in 2022.
What did please investors and Wall Street analysts?
– Record quarterly revenue of $90.15 billion (analysts expected $88.64 billion).
– EPS was $1.29, higher than analysts’ forecasts (expected $1.26).
– The company held the largest buyback in its history.
Apple stock price was $155.74 as of October 28th.
Apple Reports 4Q 2022 Results: Hard Data
| Fiscal Fourth Quarter 2021* | Fiscal Fourth Quarter 2022* | |
|---|---|---|
| iPhone | $38,86 billion | $42,62 billion (+9,6%) |
| Mac | $9,17 billion | $11,5 billion (+25%) |
| iPad | $8,25 billion | $7,17 billion (−13%) |
| Wearable devices, "Home" and accessories | $8,78 billion | $9,65 billion (+9,9%) |
| Services | $18,27 billion | $19,18 billion (+4,9%) |
| Total | $83,36 billion | $90,14 billion (+8,13%) |
Apple Reports Data for 12 months
| Full 2021 Report* | Full 2022 Report* | |
|---|---|---|
| iPhone | $191,97 billion | $205,48 billion (+7%) |
| Mac | $35,19 billion | $40,17 billion (+14,15%) |
| iPad | $31,86 billion | $29,29 billion (−8%) |
| Wearable devices, "Home" and accessories | $38,36 billion | $41,24 billion (+7,5%) |
| Services | $68,42 billion | $78,12 billion (+14,17%) |
| Total | $365,81 billion | $394,82 billion (+7,93%) |
Analysts Update Price Targets and Forecasts Following Fiscal 2022 Q4 Report
DATE: 10/28/2022
Analyst "Wedbush"
4.5/5
Consensus Rating = Outperform
Price Target Change for the next 12 months = $220 → $200
Percent upside potential for stocks
28.42%
DATE: 10/28/2022
Analyst "Credit Suisse"
4.5/5
Consensus Rating = Outperform
Price Target Change for the next 12 months = $190 → $184
Percent upside potential for stocks
18.15%
DATE: 10/28/2022
Analyst "Barclays"
4.5/5
Consensus Rating = Equal-Weight
Price Target Change for the next 12 months = $155 → $156
Percent upside potential for stocks
0.17%
DATE: 10/28/2022
Analyst "Deutsche Bank"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $175 → $170
Percent upside potential for stocks
9.16%
DATE: 10/28/2022
Analyst "Citigroup"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $185 → $175
Percent upside potential for stocks
12.37%
DATE: 10/28/2022
Analyst "Keybanc"
4.5/5
Consensus Rating = Overweight
Price Target Change for the next 12 months = $185 → $177
Percent upside potential for stocks
13.65%
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