How the iPhone 8 Could Solve Apple, Inc.'s China Woes
We're now exactly two weeks away from when Apple (NASDAQ: AAPL) will reportedly host its annual iPhone event, which is now unofficially pegged for September 12. Meanwhile, investors have remained concerned over the past couple of years about Apple's performance in China, as sales have stalled. The prevailing notion, derived largely from unit shipment data, is that local low-cost vendors continue to eat into Apple's market share.
Besides, the numbers appear to speak for themselves:
Data source: SEC filings. Chart by author. Calendar quarters shown.
Source: Fool.com
Apple Inc. Stock
€202.45
0.950%
Currently there is a rather positive sentiment for Apple Inc. with 106 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 2.74% for Apple Inc. compared to the current price of 202.45 €.
