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Apple incorporated is the currently the largest company in the Samp;P 500 Index. Apple has grown from a computer company to a global consumer...
Apple incorporated is the currently the largest company in the S&P 500 Index. Apple has grown from a computer company to a global consumer electronics company. The company recent rise is due to its product innovation, especially in the cellular phone market. With the iPhone sales and services are now over 60% of Apple sales. Apple has experienced huge growth on a global scale primarily due to the iPhone.
Assumptions: Without recent innovation on a large scale at Apple, the iPhone sales is expected to grow at 20% for the next 3 years. After 3 years analysts are forecasting that phones sales will slow down due to market saturation. Apple sales will finally flatten out to a long-term growth rate of 7% in perpetuity.
2.) Find the most recent annual dividend paid. You may find it on the apple website or on finance websites like google Finance or CNBC.com. You will need to add up the trailing for quarters of dividends to find the annual dividend. Use the dividend discord model in the Stock Valuation chapter to find the annual dividend. Use the dividend discount model in the Stock Valuation chapter to find the annual dividend. Use only dividends in your analysis, don't use cash flows or accounting earnings. Remember the trailing annual dividend is D0.