Apple Stock Forecast: AAPL Looking Ahead to the Calm After the ‘Storm’

Whitney
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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AAPL Stock Forecast: A cash-generating-machine with a user base 10X that of Netflix

I Know First Research Team

-Read this article and you will understand why there is no need to be concerned about Q1 2019 iPhone sales being lower than Q1 2018, and a possible continuation of this with today’s Q2 results

-There is a great buying opportunity for AAPL shares as the market is too focused on iPhone sales unit numbers, and APPL is trading at a cheaper P/E than the average on the S&P 500

-Besides dividend growth, EPS growth will come from the higher margin services business

-EPS growth will also come from the continuing monster-buyback-program

-I Know First Algorithm APPL Stock

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