Top Apple Stock News: Apple TV+ Is A Perspective The Long Term Investment
Apple TV+ is available in over 100 countries with a 7‑day free trial, after which there is a monthly subscription of $4.99. Further, when anyone buys a new iPhone, iPad, iPod touch, Apple TV, or Mac, they get a year of Apple TV+ for free. Apple originals received a total of 18 Primetime Emmy Award nominations. Apple TV+ viewers watched an average of 3.31 hours per week. The company has many levers to increase revenue per user and deliver more returns for investors. One of these levers for positive Apple stock news is Apple TV+.
According to Evercore ISI analyst Amit Daryanani, all Apple services could bring in more than $100 billion per year in revenue by fiscal 2024. Apple’s content budget will be up to $ 6 billion. That’s roughly half of what Netflix currently spends a year to add to its content library. Based on Daryanani’s estimates, that would account for 30% of Apple’s annual revenue and 45% of gross profit in the next four years. That would move the Apple stock. Apple TV+ will have an important role to play in growing the value of Apple’s services business.
Despite the relatively low demand now, interest in Apple TV + will grow and grow over time, as Apple services basically started from scratch. The number of TV shows and content grows. Apple ramps up its promotion, the service will grow naturally thanks to the simple math of new devices being purchased. And new devices may have a year of free Apple TV + use.
According to www.fool.com, services is a profitable revenue stream that grew 16% in fiscal 2020, reaching $53 billion in annual revenue. Many investors are counting on this growing business to make up for slowing sales of iPhones. The more Apple can build its content library and grow the value of Apple TV+, the faster services revenue will increase and fuel this tech stock higher over the long term.
Strong Expectations for Apple Stock News Due to Huge demand for the iPhone 12
Buying Apple stock is one way to take advantage of Apple iPhone 12 growth. iPhones accounted for half of the company’s revenue in the last fiscal year. Wedbush Securities analyst Daniel Ives had pointed out last month that iPhone 12 pre-orders were tracking at double the rate of the iPhone 11. Apple’s latest iPhone 12 lineup is breaking records as far as sales are concerned. And given that there are an estimated 350 million iPhones in an upgrade window across the globe. Sales of the iPhone 12 could remain strong going into 2021.
Apple is expected to sell between 210 million units to 230 million units of the iPhone 12 in the current fiscal year that ends in October 2021, according to Wall Street estimates. The last time Apple moved that many units in a single calendar year was 2015. Over 231 million iPhones were shipped.
We should pay attention that Apple is Cirrus Logic’s biggest growth driver. The iPhone maker accounts for 82% of its total revenue, according to Cirrus’ latest quarterly report. As a result, the stock has become richly valued, with a price-to-earnings ratio of over 31 that exceeds its five-year average multiple of 22.8.
So it’s time to take advantage of Apple’s iPhone 12 sales and to buy Cirrus Logic. A major iPhone upgrade cycle seems to be in motion that could help the audio chip supplier remain a top growth stock and deliver more upside.
Silicon chips for high-end Macs are optimistic for Investors
Apple Stock News: Apple is going to redesign the MacBook Pro and the MacBook Air, with key features being mini-LED displays. The use of Apple’s internally developed and produced M1 semiconductor chip. According to analyst Ming-Chi Kuo, two new MacBook Pro models are in the works to debut in 2021. Kuo projects that MacBook shipments may double in three years to as many as 35 million units per year. Meanwhile, Kuo believes that Apple will offset the increased cost of mini-LED displays by using its own M1 chips. It’s significantly cheaper than the processors from Intel Corporation (INTC) that previously have been at the heart of MacBooks.
Macs have been selling well during the COVID-19 pandemic. Revenue up by 28% year over year in the fourth quarter of Apple’s fiscal year 2020, which ended on Sept. 26, 2020. A significant change in form factor (design) alone may help to boost sales yet more.
As the name implies, a mini-LED is a very small LED component. Currently, laptops with LEDs for backlighting typically use a small number behind a larger area. The switch to mini-LEDs means that more will be installed in the backlight layer, creating more even backlighting and thus deeper blacks and greater contrast.
The new mini-LED screens are supposed to offer improved image quality over existing LCD and OLED displays. It could be a big selling point for users who edit photographs and videos on MacBooks.
Apple Market is Expanding: Apple Music & Google Speakers
Subscribers to Apple Music will now be able to play songs on Google’s speaker hardware, including the Nest Audio and Nest Mini speakers. Apple Music has been available on Amazon.com Inc.’s devices like the Echo since 2018. The expansion to Google marks another selling point for Apple’s music offering. It is key to a growing services portfolio that topped $50 billion in annual revenue in 2020.
Providing some content, including Apple Music and Apple TV+, to rival platforms has helped drive that growth. Apple Music has been available as an app on Android phones since 2015.
The service will be available starting Monday on speakers running Google Assistant in the U.S., UK, France, Germany, and Japan, Google said. Apple launched its own new smart speaker, the HomePod mini, last month, but still trails rivals. Google will hold 32% of the smart-speaker market in 2021, according to data from eMarketer.
