Apple Stock Forecast: A $1,000 iPhone X From Apple Will Find Many Eager Buyers
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
Summary:
- The September 12 product launch event of Apple will reportedly unveil the iPhone 8 and iPhone X smartphones.
- The iPhone 8 and iPhone 8 Plus will likely be priced below $800 each. The iPhone X will go for $1,000 or more.
- Investors should expect that the most expensive model, the iPhone X will find tens of millions of buyers. I won’t even be surprised if it outsells the iPhone 8 and iPhone 8 Plus.
- Coming up with a more expensive handset raises the average selling prices of iPhones. It can increase Apple’s operating margins.
- I Know First has a bullish one-year algorithmic market trend forecast for AAPL.