Apple: $300 Is My New Price Target 1 Year From Now

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About: Apple Inc. (AAPL)
by: Steven Fiorillo
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Steven Fiorillo
Deep Value, Long Only, Growth, Dividend Investing
Summary

Apple could hit $300 per share within one year as Services has the potential to become Apple's largest business segment.

YOY Wearables, Home and Accessories increased its revenue by almost $1.2 billion YOY for an increase of 30.05%, while Services grew by $1.6 billion or 16.24%.

Apple returned over $27 billion to shareholders in Q2 in the form of share repurchases and dividends.

Apple increased their dividend for the 7th straight year by 5% and authorized a $75 billion share repurchase program.

On 12/24/18, I wrote an article on Apple (NASDAQ:AAPL), when it closed at $146.83, discussing how their shares had become too cheap. After AAPL presented their Services plan, I wrote another article