Apple Stock Forecast: AAPL Looking Ahead to the Calm After the ‘Storm’
The article was written by Whitney Su, a Financial Analyst at I Know First.
Summary:
- Despite concerns over the ongoing Trump-Xi trade war, we can expect Apple to operate as usual in Greater China (Mainland China, Hong Kong, and Taiwan), which accounts for nearly 20 percent Apple's total revenue.
- Stock prices went up by more than 1% on 11 June 2019, closing at $194.99, after Foxconn's statement that it was capable of relocating iPhone production outside of China, if necessary. Stock prices have seen an upward trend since that announcement.
- I give AAPL stock a bullish one-year forecast. No longer relying on iPhone sales to hold up the company, Apple is turning towards services instead, projecting increased service sector revenue of $14 billion per quarter by 2020.
- Widespread popularity of the Apple Watch and AirPods spearheads revenue increases in Apple's "Other Products" sector. Innovative product development will continue to drive up AAPL stock prices.
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