I Know First Review: Apple May 14, 2017

I Know First Review

On May 14, 2017, our weekly newsletter was sent out to all I Know First subscribers, which can be found here. In this I Know First Review, we look back on the newsletter’s highlight of an article summary and performance of Apple stock since our forecast on June 29, 2016.

I Know First Review

For some it is hard to ignore critics, especially in the stock market. Since April 2016, Apple was experiencing a pull back due to decreasing sales volume of the iPhone and the aftermath of Brexit. However, despite critics forecasting a bearish trend, I Know First saw otherwise by publishing a bullish forecast on June 29, 2016.  Since the forecast’s release, AAPL shares have increased by 65.36%.

The release of the iPhone SE helped increase iPhone sales. The iPhone SE opened Apple to a new market segment. It was priced more affordably and featured the latest technologies in a compact design. The phone’s design makes it attractable to the Indian market, which is one of the fastest growing markets. In addition to the release of the iPhone, the service segment continued to increase.  The service segment is Apple’s fastest growing segment.  Besides App Store and Apple Music, Apple Pay has been growing at an impressive rate.  Apple claims to be adding 1 million new users per week.