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