Canalys, a leading global technology market analyst firm, published a report on November 4th stating that Apple has shipped nearly 7 million smart watches. Although Apple has not reported official numbers, the Canalys report indicates that Apple is dominating the smart watch market.
Apple should be worried because the gap between them is getting shorter with time. When we take into account growth momentum and cash stockpiles the gap is in single digits. If you take away Apple’s massive amount of cash of $206 billion, the difference between the two is only about nine percent. If this movement continues, then it appears that Alphabet stock could overcome Apple stock.
Apple Inc., which is notorious for rarely doing promotional pricing, has confirmed that select stores in California and Massachusetts will be offering $50 off any purchase of an Apple Watch and any new iPhone. The discount is being offered from today, November 1st, until November 15th.
With the latest edition of Apple TV, which will be sold in stores this Friday, Apple promises to deliver the future of television through apps.
The release of the iPhone 6s, couple with a decrease in price of its predecessor, has proved successful in the eyes of Apple, as it has increased sales by 38% on the same period last year, with an approximate 48million iPhones being sold.
Four months after Apple released “Apple Music”, the silicon valley tech company has already begun to compete with the major music streaming services, Spotify and Pandora.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.