A proposed ‘bundle’ of Apple (AAPL) products for one low price is the newest reason that even at a nearly $2 trillion market cap, the tech giant’s stock may still be undervalued.
“I think traditionally, Apple’s stock has always been undervalued,” veteran tech analyst Rene Richie told Yahoo Finance’s The First Trade. “We saw them reach their goal of doubling revenue from services early. And it seems that still has running room for them. And as we approach things like augmented reality glasses, all of these services, that’s a greater service for all the value they can tap into.”
If the latest speculation on Apple holds true, it could be well down the path of doubling its revenue from services again in the not too distant future. Read more…..
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Yahoo Finance’s Dan Howley reports on Apple earnings amid coronavirus.
