Apple Could Launch Its Most Important Product Since the iPhone This Summer, According to a Pair of Wall Street Analysts
(NASDAQ: AAPL) could use a new blockbuster product, and it could come as soon as this summer.
The iPhone maker saw sales rise just 2% last quarter after a year in which revenue fell 2.8%. China remains a big question mark for Apple following a government ban of iPhones and a report indicating a massive decline in sales in the country to start the year. Meanwhile, the varying sources of its high-margin services revenue remain the focus of regulators around the world.
But at least two Wall Street analysts think Apple will release the next product to set off a spurt of growth at the massive company this summer. Melius Research analysts Ben Reitzes and Nick Monroe think investors should focus on what Apple will announce this summer at its annual Worldwide Developers Conference (WWDC).
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.71% for Apple Inc. compared to the current price of 200.55 €.
