Consumer Electronics
Apple 'One of the Most Underappreciated Stocks in the World'
Published:
Last Updated:
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Research firm Drexel Hamilton has released a research note that says Apple Inc. (NASDAQ: AAPL) is “one of the most underappreciated stocks in the world.” Given that it is the world’s most valuable company based on market cap, and one of the world’s two or three most famous brands, the position seems hard to defend.
According to a Barron’s post, Drexel Hamilton analyst Brian White wrote:
Last week, the smartphone lost its cachet at Mobile World Congress (MWC) as Samsung Electronics (005930KS) shifted the timing of its traditional Galaxy UNPACKED event until March 29 and overall market growth has slowed. In past years, MWC was focused on the smartphone and Samsung has historically used this venue to introduce its flagship Galaxy “S” phones; however, not this year. That said, new smartphones were unveiled by a host of other smartphone vendors; however, nothing that makes us concerned with Apple in 2017 and especially with the major upgrade we expect with the iPhone “X”. Given the plethora of media reports indicating that Apple could introduce advanced 3D sensing technology with the iPhone “X” this fall, we took another look at Lenovo’s Phab 2 Pro with Google Tango at MWC that we believe offers a taste of what is possible in the world of augmented reality (A/R). We believe the addition of advanced 3D sensing to the iPhone could peak the consumer’s curiosity and drive a strong upgrade cycle.
Does that mean the upcoming iPhone is appreciated, but the stock is not?
Apple’s shares actually have been very visible. They have advanced more than any other Dow component this year, up 20.1% to $139. The Dow Jones Industrial Average has risen 5.6% over the same period to 20,903.
Apple’s current market cap is $730 billion, well ahead of number two Alphabet Inc. (NASDAQ: GOOGL) at $596 billion.
The “underappreciated” stock’s advance has been driven by an extraordinary amount of market coverage about the features and sales of the new iPhone 8, the most appreciated new consumer electronics product in the world.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.