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
Read The Full Article On I Know First
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.
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