Forecast Of The Day: Apple’s Mac Revenues
What?
Apple’s (NASDAQ:AAPL) Mac revenues rose from around $28.6 billion in FY’20 to $35.2 billion in FY’21. Trefis expects the metric to rise to around $36.4 billion in FY’22 and about $37 billion in FY’23.
Why?
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Growth is being driven by the remote working and learning trend, as well as the launch of computers with Apple’s M-series processors.
So What?
We think the projected growth is largely priced into Apple stock. We value Apple at about $159 per share, about 6% ahead of the current market price.
See Our Complete Analysis For Apple
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