IB Net Payout Yields Model

Apple: True Wireless Boost

Apple has a home run in the true wireless space with the AirPods Pro.
The projections for selling 60 million units this year and close to 100 million units next year suddenly has AirPods as a $20 billion business.
The tech giant should easily top my previous model for FY21 product revenues of $230 billion.
My updated FY21 EPS estimate is $15.25, placing the stock at an EV of 15.9x those estimates.
While Apple (AAPL) analysts focus on the surprise success of the iPhone 11, the market has generally ignored the massive success of the AirPods Pro. The tech giant continues to turn the wearables segment into a huge business, building another major growth avenue where competitors constantly fail. My investment thesis remains very bullish on the stock's path to $300 and beyond.
Read the full article on Seeking Alpha. 

Disclosure: Long AAPL. Please review the disclaimer page for more details. 


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