Apple Inc Intrinsic Stock Value – Apple App Store Policy Upheld in Epic Games Antitrust Case

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Apple Inc ($NASDAQ:AAPL)., a multinational technology company, is the world’s most valuable publicly traded company. It designs, manufactures, and markets consumer electronics, computer software, and online services. Recently, the company won an appeal victory in its antitrust battle with Epic Games, upholding the App Store policy of Apple. Apple responded by removing Fortnite from its App Store, prompting Epic Games to file a lawsuit against the tech giant. The legal battle has been ongoing since then, with Apple arguing that its App Store policies are necessary to maintain the security and integrity of its products.

Apple’s appeal victory in the antitrust case means that it can continue to require developers to use its App Store payment system, but it also sets a precedent for other developers who may want to challenge the tech giant in the future. It also signals that antitrust authorities are likely to continue to scrutinize Apple’s practices when it comes to App Store policy. Apple’s appeal victory in the epic games antitrust case is a welcome win for the tech giant and shows that it is not above the law. While the case may have yet to be fully settled, the court’s decision appears to be a step in the right direction for Apple and its App Store policy.

Share Price

On Monday, APPLE INC stock opened at $165.0 and closed at $165.3, up by 0.2% from previous closing price of 165.0. This slight increase can be attributed to the news that their current App Store policy was upheld in the much-publicized antitrust case involving Epic Games. The legal battle between Epic Games, the creator of the popular game Fortnite, and APPLE INC came to an end with a judge ruling that APPLE INC’s App Store policy did not constitute an antitrust violation.

The decision was met with relief by APPLE INC shareholders, as the company was facing the potential of a major financial penalty if the court ruled against them. The ruling is a victory for APPLE INC, as it reaffirms their App Store policy and allows them to continue operating in their current manner. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Apple Inc. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Apple Inc are shown below. More…

Analysis – Apple Inc Intrinsic Stock Value

At GoodWhale, we have conducted a financial analysis of APPLE INC and found that its intrinsic value is around $157.2, based on our proprietary Valuation Line. This is slightly lower than the current stock price of $165.3, meaning that the stock is slightly overvalued by 5.2%. However, we still believe that APPLE INC is trading at a fair price, considering its strong financials. More…

Peers

The competition between Apple Inc and its competitors, Cisco Systems Inc, Microsoft Corp, and Sony Group Corp, has been intense over the years. All of these companies have been competing to offer the best products and services to their customers. Each of them has been striving to create innovative solutions that will stay ahead of the competition. As a result, consumers have been the ultimate beneficiaries of this competition as they have access to cutting-edge technologies and products.

– Cisco Systems Inc ($NASDAQ:CSCO)

Cisco Systems Inc is a multinational technology company that designs, manufactures and sells networking equipment. As of 2023, the company has a market capitalization of 199.94 billion dollars, which makes it one of the largest technology companies in the world. Furthermore, its Return on Equity (ROE) stands at 23.05%, which is an indication of its impressive financial performance. Cisco Systems Inc has been successful in providing cutting-edge technological solutions and services to its customers, while maintaining a healthy financial footing.

– Microsoft Corp ($NASDAQ:MSFT)

Microsoft Corporation is a multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Founded in 1975, Microsoft is one of the world’s leading companies in corporate technology. With a market cap of 1.84T as of 2023, Microsoft is one of the most valuable companies in the world. Microsoft’s Return on Equity (ROE) of 29.64% is also one of the highest rates in the corporate sector. This indicates that the corporation has been able to effectively utilize its equity to generate income and maximize shareholder wealth.

– Sony Group Corp ($TSE:6758)

Sony Group Corp is a leading multinational conglomerate corporation based in Japan. The company is engaged in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer, professional and industrial markets. As of 2023, Sony Group Corp has a market cap of 14.3T, making it one of the largest companies in the world. Additionally, the company has a Return on Equity (ROE) of 10.9%, which is an indication of its strong financial performance and profitability.

Summary

Apple Inc. has been at the center of an antitrust battle with Epic Games, and has won a favorable ruling in its appeal. This is beneficial for investors, as it helps support Apple’s App Store policies and further reinforces the company’s market position. Apple’s stock remains attractive for investors, given its strong history of profitability and innovation. The company has a diverse portfolio of products and services, a large user base, and investments in research and development.

Apple’s products have high margin potential, strong market presence, and loyal customer base. The company’s slow-but-steady growth strategy and focus on delivering value to shareholders makes it a solid long-term investment choice.