Apple Stock News: Will the iPhone 7 Lead the Growth?

Apple Stock News

For the latest Apple Stock News, AAPL closed at $121.63 on Friday, January 30, 2017, with a 0.26% loss, or $0.32 from its previous close of $121.95 per share.

Image result for apple iphone 7( iPhone 7. Source: Google)

Apple will report its holiday quarter earnings soon, hence all analysts are waiting for the answer: Have the iPhone 7/Plus sales been enough to lead the company’s growth?
Apple has not had an easy year since it had reported a decrease in revenue for 3 straight quarters. However,  all eyes are focused on the iPhone, since it represents the largest part of AAPL’s revenue.

In the company’s last earnings call Apple CEO Tim Cook said that the response to the iPhone 7 and 7 Plus has been very positive. The iPhone 7, indeed, during the holiday shopping season, showed 77 million total iPhone units shipped during the quarter, up from 75 million in the year-ago period.
An effective campaign was planned to show off how good is the iPhone’s camera. With a series of impressive pictures taken by users, it proved the low-light capabilities of the latest iPhone’s camera since all the pictures were taken during the Bonfire night.

The prospects for AAPL holiday quarter are optimistic. Analysts are currently expecting $77.4 billion in revenue compared to $75.8 billion last year (up 2.1 percent). This is in line with Apple’s own forecasts as the company said it was expecting between $76 billion and $78 billion during last quarter’s earnings release.

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state of the art, algorithm click here.

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