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AAPL: P/E has gone from around 37 last week to 38 this week. TSLA's P/E? About 1,050. Just saying.
Services: did anyone see this. Apparently talking heads on CNBC haven't noticed:
Apple's services business is currently worth an incredible $700 billion to $750 billion, in the analyst's view. That would be about a third of the company's total market cap, despite the fact that the services segment represents just 19% of total trailing-12-month (TTM) revenue. However, services account for nearly a third of gross profit due to the high-margin nature of that business.
Ives expects Apple's services revenue to grow to around $60 billion next year, compared to the current TTM revenue base of about $51.7 billion. The wearables business, which management frustratingly says is now the size of a Fortune 140 company (about $22.5 billion in revenue), also continues to impress. The analyst is modeling for AirPods unit volumes to grow from 65 million in 2019 to 90 million in 2020.
Motley Fool, source for the above gem. link here. And, as usual, much more at the link.
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