Forecast Of The Day: Apple’s Other Product Revenue

+20.73%
Upside
148
Market
179
Trefis
AAPL: Apple logo
AAPL
Apple

What?

Apple’s (NASDAQ:AAPL) Other Product Revenues – which includes sales of the Apple Watch, Airpods, Apple TV, and other products and accessories – rose from around $31 billion in FY’20 to about $38.4 billion in FY’21. Trefis expects the metric to rise to about $43 billion in FY’22 and around $50 billion in FY’23.

Why?

Relevant Articles
  1. Is Apple Stock A Buy At $140?
  2. Forecast Of The Day: Apple’s Other Product Revenue
  3. Will Apple Stock Bounce Back Post Q2 Results?
  4. Company Of The Day: Apple
  5. Will Apple Stock Remain A Safe Haven In An Uncertain Market?
  6. Why We Are Raising Our Price Estimate For Apple Stock

Growth has been driven by the launch of new Airpods wireless earphones and greater traction for the Apple Watch.

So What?

Despite the strong recent growth in revenue, we think Apple stock is a bit overvalued. We value AAPL at about $160 per share, about 10% below the current market price.

See Our Complete Analysis For Apple

Returns Dec 2021
MTD [1]
2021
YTD [1]
2017-21
Total [2]
 AAPL Return 8% 34% 515%
 S&P 500 Return 5% 27% 113%
 Trefis MS Portfolio Return 2% 47% 297%

[1] Month-to-date and year-to-date as of 12/31/2021
[2] Cumulative total returns since 2017

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates