What Is Apple Stock's Forecast As Paid Subscribers Pass 900 Million?

Nov. 09, 2022 11:48 AM ETApple Inc. (AAPL)14 Comments

Summary

  • Apple's paid subscriptions grew by +21% YoY to cross the 900 million mark at the end of fiscal 2022.
  • I forecast that the Services business' revenue contribution will increase from 19.8% for FY 2022 to 25% or higher in the intermediate term.
  • I maintain my Buy rating for AAPL, as I continue to have a positive view of Apple's outlook after considering the growth in paid subscriptions.
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Apple Store At Catalonia Square (Plaza Catalunya) in Barcelona in a neoclassic architecture building

Lobro78

Elevator Pitch

I still assign a Buy investment rating to Apple's (NASDAQ:AAPL) shares.

I wrote about AAPL's September product launch event with my previous article published on September 13, 2022. In this latest write-up for the company, I focus on the growth in

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Asia Value & Moat Stocks is a research service for value investors searching for attractive Asia-listed investment opportunities  with a huge gap between price and intrinsic value, leaning towards both deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high quality businesses, hidden champions and wide moat compounders).


Those who believe that the pendulum will move in one direction forever or reside at an extreme forever eventually will lose huge sums. Those who understand the pendulum's behavior can benefit enormously. ~ Howard Marks

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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