News On Apple Stock For 2016: Why Apple Won’t Hit The $150 Price Target Of Many Analysts (AAPL)
The article was written by Alcaraz Research – Senior Analyst at I Know First
Apple stock Predictions For 2016: Summary
- Many Wall Street analysts are bullish on Apple and gave it a 12-month price target of $150
- However, I think Apple is unlikely to deliver a $150 stock price in 2016.
- Hedge fund managers are nervous that Apple is still too dependent on iPhone sales. The iPhone 6s uptake is slower than the iPhone 6.
- The iPad Pro is a mistake. Amazon also banned the Apple TV, reducing the distribution channel of Apple’s main gadget for its upcoming streaming video services
- Lack of touchscreen-friendly Mac computers also endangers that business segment. It might repeat the gradual declining sales of the iPad.
- I Know First Algorithmic Forecast For Apple