Apple's latest results have impressed analysts with iphone sales up
22%, 48.05 million iphones were sold in the firm's Q4. Other
highlights include a 61% rise in sales of 'other' products which
covers Apple TV, Watch and Beats products.
Saxo Bank's Head of Equity Strategy Peter Garnry has been looking
through the tech giant's results in detail and give us his takes on
the stock price and valuation. The shares are trading at a P/E of
around 8.5 times, which is 'ridiculously' low according to Peter.
Apple ([ Ссылка ]) remains a
core pick for Saxo Bank with Q1 revenue projections of USD 75.5 - 77.1
billion.
