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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

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Apple : US Apple mulls investments in Egypt

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01/23/2019 | 10:27pm EST

The American technology company is currently considering plans and proposals for investing in Egypt

Cairo – Mubasher: IPhone maker Apple Inc. is planning to directly invest in Egypt, the company’s CEO said.

The American technology company is currently considering plans and proposals for investing in the North African state, Tim Cook added in a press release.

Cook noted that almost 38,000 people inside Egypt are working with Apple in developing IOS apps.

This came on the sidelines of a meeting between Egypt’s Prime Minister Mostafa Madbouli and Cook at Davos 2019.

Apple’s CEO has welcomed collaboration with Egypt in the field of education as it is compatible with the company’s vision and objectives in developing education around the world.

For his part, Madbouli has invited Cook to visit Egypt soon to discuss the details of investment with the investment and telecommunication ministers.

In the same vein, the prime minister added that president Abdel Fattah El-Sisi is keen to turn Egypt into a hub for electronic industries and technology in the region.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 260 B
EBIT 2019 65 496 M
Net income 2019 55 489 M
Finance 2019 100 B
Yield 2019 2,01%
P/E ratio 2019 12,77
P/E ratio 2020 11,40
EV / Sales 2019 2,41x
EV / Sales 2020 2,36x
Capitalization 727 B
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Number of Analysts 41
Average target price 179 $
Spread / Average Target 17%
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NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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