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Apple Stock Forecast: Impressive Q3 EPS/Revenue Numbers Made Apple A Strong Buy

July 28, 2021

The Apple stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

Apple’s stock is +14.4% since my December 21, 2020, take-your-profits recommendation.
I am AAPL as a buy because of its big beat on Q3 numbers.
For its third quarter, Apple’s EPS was $1.30 and its revenue was $81.4 billion. These figures top Wall Street’s estimates of $1.01 EPS on sales of $73.5 billion.
Stronger sales and growing net income fortify Apple’s eight consecutive years of dividend growth.
The more infectious variant of the COVID-19 virus is an indirect tailwind to Apple’s Services business. The Services segment’s Q3 revenue was $17.5 billion (+32% Y/Y).