Apple Stock Forecast For 2016: A New Affordable 4-inch iPhone Will Be Great For Apple In 2016
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Apple Stock Forecast
- Morgan Stanley analysts predicted that Apple would see a drop in iPhone sales next year.
- However, if Apple comes up with a new affordable 4-inch iPhone, I see 2016 as another record-breaking year for global iPhone sales.
- Apple’s recent 43% price cut for the iPhone 5S in India is clue that Tim Cook is willing to compete in the sub-$400 phone market.
- A $400 iPhone is going to be a blockbuster product even in China, India, and other emerging markets.
- Apple will likely have a great YTD performance in 2016 if it can post sales growth for iPhone sales.