Apple stock Predictions For 2016: Why Apple Won’t Hit The $150 Price Target Of Many Analysts (AAPL)

motek 1The 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

Summary

  • Many Wall Street analysts are bullish on Apple and gave it a 12-month price target of $150AAPL
  • However, I think Apple is unlikely to deliver a $150 stock price in 2016.
  • Hedge fund managers are nervous that Apple is still too dependent on iPhone sales. The iPhone 6s uptake is slower than the iPhone 6.
  • The iPad Pro is a mistake. Amazon also banned the Apple TV, reducing the distribution channel of Apple’s main gadget for its upcoming streaming video services
  • Lack of touchscreen-friendly Mac computers also endangers that business segment. It might repeat the gradual declining sales of the iPad.

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