Here's Why the Best Is Yet to Come for Apple Inc.
Apple (NASDAQ: AAPL) may have a long range problem if emerging technology supplants the iPhone, but in the short term, the company has nothing to worry about.
Since the first quarter of 2012, the company's smartphone has accounted for more than half of its total revenue. That number jumps nearly into the 70% range early in the life cycle of a new model.
With iPhone 8 being introduced on September 12, Apple is poised for a strong close to the year. Exactly when those sales will come depend upon the available supply for the new phone, especially the rumored high-end model, but supply will likely catch up with demand before the year ends.
Source: Fool.com
Apple Inc. Stock
€203.40
0.590%
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 9 Sell predictions.
With a target price of 209 € there is a slightly positive potential of 2.75% for Apple Inc. compared to the current price of 203.4 €.
