Apple Stock Forecast: Samsung’s Galaxy Note 7 Crisis/Recall Is A Blessing To Apple’s iPhone Sales

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

Apple Stock Forecast

  • Due to continuing problem over exploding batteries, Samsung has officially stopped the sale of its Galaxy Note 7 Android phablets.
  • Apple’s stock hit a new 2016 high after Samsung made the said announcement.
  • Apple definitely benefits from Samsung’s problem over the Galaxy Note 7. People who got disappointed with Samsung’s flagship phablet will probably buy the iPhone 7 Plus.
  • It is therefore smart to go long on AAPL now while it still trades below $120. The holiday shopping season is coming soon.
  • Apple has strong buy signals based on its near and long-term algorithmic forecasts.
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