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Apple Inc - Stock Quote AAPL

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Morningstar's Apple Inc Stock Analysis

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Is it the right time to buy or sell?

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Economic Moat

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Apple Records Robust Mac and Services Growth in Fiscal Q1

Abhinav Davuluri, CFA Sector Strategist

Business Strategy and Outlook

| Abhinav Davuluri, CFA |

Apple’s competitive advantage stems from its ability to package hardware, software, services, and third-party applications into sleek, intuitive, and appealing devices. This expertise enables the firm to capture a premium on its hardware, unlike most of its peers. Despite its admirable reputation, loyal customer base, and unique products, the consumer hardware space can be unforgiving to firms unable to consistently satiate the customer’s appetite for more features. Given the short product cycles of Apple’s products and army of firms targeting its dominance, we do not believe Apple has a wide economic moat.

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Apple Inc's Company Profile

Business Description

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority 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 Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software 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
T +1 408 996-1010
Industry Consumer Electronics
Most Recent Earnings Mar 31, 2022
Fiscal Year End Sep 30, 2021
Stock Type Cyclical
Employees 154,000

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