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Morningstar

Apple Inc AAPL Stock Quote

Morningstar Rating
| Rating as of

NASDAQ: AAPL

Last close prices updated as of Jan 27, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 145.93
  • Sector Technology
  • Industry Consumer Electronics
  • Investment Style Large Growth
  • Day Range 143.08  –  147.23
  • Year Range 124.17  –  179.61
  • Market Cap 2.3110 Tril
  • Volume / Avg 70.6 Mil /  82.5 Mil
  • Price / Sales 6.04
  • Price / Book 45.61
  • Forward Div Yield 0.68%
  • Trailing Div Yield 0.62%

Morningstar‘s Stock Analysis AAPL

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Apple’s Walled Garden Warrants a Wide Economic Moat; Raising Fair Value Estimate to $150

Analyst Note

| Abhinav Davuluri |

We are upgrading our economic moat rating for Apple to wide from narrow, as we have greater confidence in the firm’s competitive advantages stemming from high customer switching costs, intangible assets, and network effects associated with its iOS ecosystem. We believe switching costs from iOS are as strong as ever thanks to more auxiliary products and services that make switching away from iOS more difficult over time. Regarding intangible assets, Apple’s differentiated user experience via iOS coupled with its expertise in hardware, software, and now semiconductor design allows the firm to build vertically integrated products more seamlessly. We also see network effects around iOS and its 1 billion-plus installed base with new app development favoring iOS.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics AAPL

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Company Profile AAPL

Business Description

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods. The iPhone makes up most of Apple’s total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is well known for its integration of hardware, software, semiconductors, and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.

Contact
One Apple Park Way
Cupertino, CA, 95014
Sector Technology
Industry Consumer Electronics
Employees 164,000

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Related News AAPL

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FAQs for Apple Inc Stock

Yes. AAPL has a forward dividend yield of 0.68%. See AAPL’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

AAPL’s market cap is 2.31 Tril.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

AAPL’s stock style is Large Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

AAPL’s price/sales is 6.04.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AAPL’s price/forward earnings is 22.57.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AAPL’s price/book is 45.61.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See AAPL’s valuation ratios compared to the Market Index.

AAPL’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AAPL’s historical performance against its industry peers and the overall market.