Apple Stock News
For the latest Apple Stock News, AAPL closed at $117.65 on Monday, October 24th, with a 0.90% increase, or $1.05 from its previous close of$116.60 per share.
Apple sales are on the decline for the last three quarters and is expected to continue declining in the fourth quarter. Sales have essentially slowed down since the release of the iPhone 7 in September. Apple, however; predicts that in 2017 with the release of the iPhone 8, sales will pick back up again. Apple is also taking advantage of the recent Galaxy Note 7 recall recently.
Although these predictions seem lackluster, Apple is not just a phone company. This week there are rumors that Apple will release a new MacBook Pro as well as a new iMac, both of which could increase sales tremendously. This will raise the attractiveness of Apple stock. Apple is one of the most innovative companies in the tech industry as we have seen for years. There is no end in sight so it may behoove investors to keep Apple stock in their portfolios.