AAPL News
Apple will release its second quarter earnings figures and host a live conference call on Monday, April 27. The stock price has skyrocketed over the last year, boosted by strong sales of its newest smartphones, the iPhone 6 and 6 Plus. After selling over 74 million phones during the last quarter, it would be understandable to think that Apple could not live up to the lofty expectations set for it this quarter. But Apple is set once again to blow past expectations and surge even higher in coming months, as I Know First correctly predicted it would after the last earnings report. Continued rapid sales of the new iPhones, deeper expansion into the enterprise segment, and an increase in the capital expenditure program mean Apple is still bullish looking ahead to the end of the month, and should continue trending higher afterwards.
The I Know First algorithm is similarly bullish for Apple in the lead up to the next earnings report and the release of the Apple Watch. Review for the new device have been tepid so far, which is unusual for Apple products. When the iPhone and iPads were released, they were immediate hits with critics, as their usefulness made them necessities for consumers. The Apple Watch still needs some software fixes, as some of the apps take a long time, such as Uber finding your location. But these should be fixed eventually.
Sales are likely to be strong even with uninspiring reviews, as Apple consumers are extremely loyal. The device also helps connect Apple’s ecosystem of devices, making things such as Apple Pay that much easier to use. The Taptic engine, which gives a slight tap to the user’s wrist when their is an update, has been well received, as has the Apple Fitness apps. While critics agree that the device is nice, it is still not essential. Information about the sales data from the release will be interesting to see during the earnings report, and positive news could be a huge catalyst for bullish behavior in the months to come.
Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article. Read More From I Know First Research:
