Market Wrap- Stock Pick - Apple Inc

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Imtiaz Suliman from Sentio Capital chose Apple Inc. as his stock pick of the day, as his stock pick of the day, it has come of recently as concerns with trade wars and a slowdown in China has taken hold but if you look at Apple, the services revenue is growing much faster and is at a higher margin. They have a $130bn excess cash which they can either use to do more share buy backs or pay out in dividends. So as we see iPhone sales taper off we will see more revenue or contribution coming from wearables which is your iWatches and the services revenue which is increasing more and more towards the profits so for that reason Apple looks very attractive on a fourteen times PE
11 Feb 2019 1AM English South Africa Business · Business News

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