Chuck Grom is a longtime Wall Street analyst who engages with Gordon Haskett Research Advisors as managing director and covers a number of retail sectors. With a strong interest in market trends, Chuck Grom follows several major companies. Apple was recently in the news with speculation growing that the release of the iPhone 8 will coincide with a boost in earnings and stock price.
With the iPhone 8 set to incorporate high-end features, from augmented reality/3-D sensing technologies to a 5.8-inch OLED display, the per unit price is likely to rise from $749 and break the $1,000 barrier for the first time. This has led some analysts to predict a stock price rise from the $164 range to around $170 per share.
Analysts at Bank of America Merrill Lynch also describe a significant upside for Apple in entering a number of new market areas, including health care and streaming TV, which encompasses the lucrative video game sector. Another area of potential growth for Apple is in autonomous cars, which Tesla has current dominance in. An added value feature of the Apple Car would be seamless integration into an expanded Siri system that is also likely to power a smart home assistant that competes with Google Home and Amazon Echo.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.