Apple Stock Forecast for 2021: Take Your Profits On Apple
The Apple stock forecast 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
- Apple’s stock has risen +46% since my June 21 buy recommendation. We should now reap our gains.
- AAPL’s TTM P/E of over 39 makes it vulnerable to market emotions. A slow-down in its Services segment could compel investors to turn bearish.
- The robust revenue from iOS games has a headwind from cloud gaming platform’s new ability to bypass the iOS app store. Publishers can make PWA versions to bypass Apple’s app store commission.
- Apple’s tactic of blocking apps that do not process payments through its 30%/15% commission rule on its iOS app store has a headwind from browser-only cloud gaming.
- Google Stadia is now available to iOS device owners via Google Chrome or Apple’s Safari browsers.
