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

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.

Summary:

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.