Morningstar Upgrades Tech Titans

Tech giants' earnings updates from Q1 have been overwhelmingly positive, and Morningstar has upgraded fair value estimates for Tesla, Microsoft, Apple, Facebook and Alphabet

James Gard 29 April, 2021 | 9:22AM
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Apple iPhone 12

Tech earnings season is always eagerly anticipated by investors and this week has been a busy one for updates as companies report on how their 2021 has gone so far. Here we round up the latest Q1 updates from Tesla (TSLA), Microsoft (MSFT), Google owner Alphabet (GOOGL), Apple (AAPL) and Facebook (FB.). All have beaten earnings expectations, and have had their fair values increased by Morningstar analysts.

Apple

While the iPhone turns 14 years old this year, it is still proving to be a reliable cash cow for Apple. Revenue from iPhones grew a staggering 66% in Q1 2021 compared with the same quarter last year, while iPad revenue grew 79% and Mac revenue 70%. Analyst Abhinav Davuluri says strong sales of the 5G iPhone 12 are helping to drive this growth, while working from home demand has boosted sales of Macs and iPads. Overall sales in Greater China were up 88%, which Davuluri attributes to the popularity of the new iPhone 12.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alphabet Inc A2,816.00 USD-1.96Rating
Apple Inc146.06 USD-1.83Rating
Facebook Inc A364.72 USD-2.24Rating
Microsoft Corp299.87 USD-1.75Rating
Tesla Inc759.49 USD0.33Rating

About Author

James Gard

James Gard  James Gard is senior editor for Morningstar.co.uk.

 

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