Apple Stock Forecast: Cheaper New iPads Can Shore Up Apple’s Waning Tablet Unit 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

  • The iPad product line is still the second-biggest revenue generator for Apple.
  • Releasing a new version of the mid-range iPad Air 2 could help improve sales. A more affordable $329 9.7-inch iOS tablet could boost Apple’s presence in the education market.
  • I expect Apple to soon offer a cheaper new version of its 8-inch iPad 4 tablet. My guesstimate is that it could have a basic price of $249.
  • Cheaper entry-level and mid-range iPad models could compete better with their Android tablet rivals.
  • AAPL is still a good buy for long-term investors.

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