- Apple is streamlining its App Store policies in the EU to mitigate potential fines.
- Analysts forecast an 8.63% upside for Apple, targeting an average price of $231.40.
- GuruFocus estimates suggest a slight downside of 1.02% from current prices based on GF Value.
Apple's Strategic App Store Policy Overhaul
In a strategic move aimed at appeasing European Union regulators and avoiding hefty fines, Apple Inc. (NASDAQ: AAPL) has implemented significant revisions to its App Store policies. These adjustments include a standard 20% processing fee on App Store purchases, reduced to 13% for small-business members. Furthermore, fees for external payment redirection will range between 5% and 15%.
Wall Street Analysts' Forecasts for Apple
Currently, 41 analysts have provided one-year price targets for Apple Inc. (AAPL, Financial), with the average target price set at $231.40. This reflects a potential upside of 8.63% from the current price of $213.02. The range of estimates spans from a high of $300.00 to a low of $139.00. For more in-depth estimate data, visit the Apple Inc (AAPL) Forecast page.
Additionally, the consensus recommendation among 50 brokerage firms for Apple Inc. (AAPL, Financial) stands at an average of 2.2, equating to an "Outperform" rating. This rating is on a scale of 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
GF Value Insights
According to estimates from GuruFocus, the projected GF Value for Apple Inc. (AAPL, Financial) in the coming year is $210.84. This suggests a modest downside of 1.02% from the current market price of $213.02. The GF Value is GuruFocus' determination of the fair value at which the stock should be traded, based on historical trading multiples, past business growth, and future performance projections. Additional details are available on the Apple Inc (AAPL) Summary page.
