Apple Future Growth

Future criteria checks 2/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Apple.

Key information

6.6%

Earnings growth rate

8.7%

EPS growth rate

Tech earnings growth	22.5%
Revenue growth rate	6.4%
Future return on equity	n/a
Analyst coverage	Good
Last updated	22 May 2023

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BUL:APC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2025	438,595	107,420	119,019	134,419	13
9/30/2024	411,021	100,590	109,300	123,659	39
9/30/2023	385,236	94,380	102,730	115,530	41
3/28/2020	267,981	57,215	66,636	75,373	N/A
12/28/2019	267,683	57,527	63,970	73,217	N/A
9/28/2019	260,174	55,256	58,896	69,391	N/A
6/29/2019	259,034	55,695	58,245	69,004	N/A
3/30/2019	258,490	57,170	59,830	71,856	N/A
12/29/2018	261,612	59,431	61,973	75,831	N/A
9/29/2018	265,595	59,531	64,121	77,434	N/A
6/30/2018	255,274	56,120	59,523	73,660	N/A
3/31/2018	247,417	53,318	54,697	67,844	N/A
12/30/2017	239,176	50,525	53,443	65,284	N/A
9/30/2017	229,234	48,351	51,774	64,225	N/A
7/1/2017	223,507	46,651	51,978	64,602	N/A
4/1/2017	220,457	45,730	53,312	66,564	N/A
12/31/2016	218,118	45,217	N/A	65,595	N/A
9/24/2016	215,639	45,687	N/A	66,231	N/A
6/25/2016	220,288	47,797	N/A	63,173	N/A
3/26/2016	227,535	50,678	N/A	67,527	N/A
12/26/2015	234,988	53,731	N/A	75,007	N/A
9/26/2015	233,715	53,394	N/A	81,266	N/A
6/27/2015	224,337	50,737	N/A	81,041	N/A
3/28/2015	212,164	47,808	N/A	76,308	N/A
12/27/2014	199,800	44,462	N/A	70,765	N/A
9/27/2014	182,795	39,510	N/A	59,713	N/A
6/28/2014	178,144	38,555	N/A	56,371	N/A
3/29/2014	176,035	37,707	N/A	53,944	N/A
12/28/2013	173,992	37,031	N/A	52,910	N/A
9/28/2013	170,910	37,037	N/A	53,666	N/A
6/29/2013	169,404	37,748	N/A	52,894	N/A
3/30/2013	169,104	39,672	N/A	55,255	N/A
12/29/2012	164,687	41,747	N/A	56,728	N/A
9/29/2012	156,508	41,733	N/A	50,856	N/A
6/30/2012	148,812	40,133	N/A	52,149	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: APC's forecast earnings growth (6.5% per year) is above the savings rate (1.5%).

Earnings vs Market: APC's earnings (6.5% per year) are forecast to grow slower than the BG market (10.7% per year).

High Growth Earnings: APC's earnings are forecast to grow, but not significantly.

Revenue vs Market: APC's revenue (6.4% per year) is forecast to grow faster than the BG market (4.4% per year).

High Growth Revenue: APC's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if APC's Return on Equity is forecast to be high in 3 years time

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Apple Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Second quarter 2023 earnings released: EPS: US$1.53 (vs US$1.54 in 2Q 2022)

First quarter 2023 earnings released: EPS: US$1.89 (vs US$2.11 in 1Q 2022)

Full year 2022 earnings released: EPS: US$6.16 (vs US$5.67 in FY 2021)

Third quarter 2022 earnings released: EPS: US$1.20 (vs US$1.31 in 3Q 2021)

Now 22% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$1.54 (vs US$1.41 in 2Q 2021)

Recent updates

Senior Director of Corporate Accounting recently sold €643k worth of stock

Second quarter 2023 earnings released: EPS: US$1.53 (vs US$1.54 in 2Q 2022)

Apple Inc. Declares a Cash Dividend, Payable on May 18, 2023

Apple Inc. Appoints Carol Surface as Chief People Officer

First quarter 2023 earnings released: EPS: US$1.89 (vs US$2.11 in 1Q 2022)

Apple Inc. Declares Cash Dividend, Payable on February 16, 2023

Apple Introduces the New Homepod with Breakthrough Sound and Intelligence

Apple Introduces New Mac Mini with M2 and M2 Pro — More Powerful, Capable, and Versatile Than Ever

Apple Inc., Annual General Meeting, Mar 10, 2023

ITC Judge Rules Apple Inc. Violated U.S. Trade Laws by Infringing Masimo Pulse Oximeter Patent

Apple Inc. Introduces Apple Music Sing

Senior Director of Corporate Accounting recently sold €2.9m worth of stock

Apple Inc. Announces Emergency SOS via Satellite Available on the iPhone 14 Lineup in the US and Canada

Apple Inc. Announces Cash Dividend, Payable on November 28, 2022

Full year 2022 earnings released: EPS: US$6.16 (vs US$5.67 in FY 2021)

Apple Declares A Cash Dividend Payable on November 10, 2022

Apple Inc. Introduces the Powerful Next-Generation Apple TV 4K

Apple Inc. Unveils Completely Redesigned IPad in Four Vibrant Colors

Humixx Launches the Truly Full Protection Cases for iPhone 14 Series

Apple Introducing Apple Watch Ultra

Aurora Innovation Reportedly Mulls Possible Sale to Apple or Microsoft

Settlement Reached in eBooks Class Actions

Settlement Reached in eBooks Class Actions

France-Based iOS Developers Teams Up with U.S. Firm Hagens Berman in Antitrust Class-Action Lawsuit Against Apple’s App Store Fees

Third quarter 2022 earnings released: EPS: US$1.20 (vs US$1.31 in 3Q 2021)

Apple Inc. Declares Cash Dividend, Payable on August 11, 2022

Lieff Cabraser LLP, Stiegler Law Firm LLC, and Robert B. Landry III plc File Federal Lawsuit Against Apple, Inc. for Failure to Pay Overtime and Other Lawfully Required Compensation to Apple Solutions Consultants

Apple Provides Developers with Even More Powerful Technologies to Push the App Experience Forward

Apple Unveils New Apple Watch Pride Edition Bands

Apple Unveils New Apple Watch Pride Edition Bands

Parents Sues Apple, Luxshare-ICT, Inc. and Luxshare Precision Industry Co. Ltd for Negligence and Fraud for Failing to Properly Design and Test the Devices

Now 22% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$1.54 (vs US$1.41 in 2Q 2021)

SOC Investment Group Files an Exempt Solicitation Statement to Apple

Apple Business Essentials Now Available for Small Businesses

Apple Inc. Unveils All-New Mac Studio and Studio Display

Now 20% undervalued after recent price drop

Apple Inc. (NasdaqGS:AAPL) acquired AI Music Limited.

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

California Crane School, Inc. Files Class Action Lawsuit in California Alleging Google Is Paying Apple to Stay Out of the Search Engine Business

Senior Director of Corporate Accounting recently sold €1.2m worth of stock

Full year 2021 earnings released: EPS US$5.67 (vs US$3.31 in FY 2020)

Parus Files Second Patent Lawsuit Against Apple for Infringement of its Proprietary Voice-Browsing and Device Control Technology

Apple Inc. Unveils iPhone 13 Pro and iPhone 13 Pro Max

Amazon Reportedly Likely Front-Runner for Multiyear NFL Sunday Ticket Deal

Apple Inc. (NasdaqGS:AAPL) acquired Primephonic B.V., from Gordon P. Getty and others.

Apple, US Developers Agree to App Store Updates That Will Support Businesses and Maintain A Great Experience for Users

Insufficient new directors

Third quarter 2021 earnings released: EPS US$1.31 (vs US$0.65 in 3Q 2020)

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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