AllAnalyst Report
logoMorningstarJanuary 20, 2023

Apple Inc.: Apple’s Walled Garden Warrants a Wide Economic Moat; Raising Fair Value Estimate to $150

Symbols
AAPL
Sector(s)
Technology
Rating
Current Price
$170.13
Fair Value
Economic Moat
Stewardship
Summary

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods. The iPhone makes up most of Apple’s total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is well known for its integration of hardware, software, semiconductors, and services. Apple's products are

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Analyst Profile

Abhinav Davuluri

Sector Strategist
Abhinav Davuluri, CFA, is a sector strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers microprocessors, wafer manufacturing equipment, and other companies in the semiconductor space.Before joining Morningstar in 2015, Davuluri spent two years as a process engineer for Intel.Davuluri holds a bachelor’s degree in chemical engineering from the University of Michigan. He also holds the Chartered Financial Analyst® designation.