Last month, Apple (NASDAQ: AAPL) reported record results for the first quarter of fiscal 2022. The results were driven by strong product demand, new product innovations, and strong execution of operations amid supply chain issues. This trend is expected to continue to drive the company’s performance, keeping investors upbeat for the rest of the year.
The company’s strong brand awareness and solid cash-generating capabilities are expected to generate an increasing return on capital that will improve shareholder value creation over time.
Tigress Financial Partners analyst Ivan Feinseth recently weighed in on the company’s developments and outlook and emerged upbeat about its prospects. “AAPL continues to enhance shareholder returns through the ongoing return of cash through dividend increases and share repurchases, having just announced a new $50 billion share repurchase authorization,” noted Feinseth.
The analyst is also not too worried about the 14% year-over-year decline in iPad revenues recorded in the first quarter. He expects iPad revenues to improve this year after the product refresh that is expected to come up in March. Further, the lined-up launch of a new low-cost iPhone that supports 5G is another development that customers are eagerly waiting for.
Significantly, Apple is constantly upgrading its product roster and increasingly monetizing and benefitting from its loyal followers. Apple’s intent to develop its own autonomous vehicle technology and electric vehicles is also something to look forward to.
