Apple Stock Prediction: Apple’s $349 HomePod Will Dominate the Smart Speaker Industry

motek 1 The 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

AAPL Stock Prediction

  • Siri is not the as smart as Microsoft’s Cortana, Google Assistant or Amazon’s Alexa.
  • However, the Siri-powered $349 HomePod smart speaker is still going to be more profitable than the Amazon Echo and Google Home.
  • Amazon has sold 11 million units of its Echo smart speaker since its inception.
  • I predict that Apple will sell 10 million units of the HomePod on its first year of release. Strong sales of the HomePod could offset the decline in iPad sales.
  • Based on the 3-month and one-year algorithmic forecasts from I Know First, AAPL is still a buy.

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