Fiscal 2018 Will Be Apple Inc.'s Best Year Yet
A little more than three years ago, Apple (NASDAQ: AAPL) released the iPhone 6 and 6 Plus, its first large-screen phones. These devices helped power Apple to a $51 billion (or 28%) year-over-year revenue increase in its 2015 fiscal year. Meanwhile, earnings per share surged 43%, from $6.45 to $9.22.
The recent launch of the iPhone X could have a similarly powerful effect on Apple's revenue and earnings during the 2018 fiscal year, which began last month. However, there's one important difference between now and fiscal 2015: Apple is poised for strong growth in its other product lines this year, whereas it was much more of a one-trick pony three years ago.
The iPhone X could drive strong revenue growth for Apple this year. Image source: Apple.
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 3.3% for Apple Inc. compared to the current price of 201.35 €.
