Apple Stock News
For the latest Apple Stock News, AAPL closed at $119.25 on Thursday, January 12, 2017 with a 0.42% loss, or $0.50 from its previous close of $119.75 per share. Apple stock declined along with the major indexes, after investors seemed uninspired after President elect Donald Trump’s speech regarding economic growth.
After celebrating Apple iPhone’s 10th anniversary, Apple may be within reach of another milestone. Given Apple’s current growth rate and setting a new record in sales for its App stores, Apple may earn a cumulative revenue of $1 trillion dollars from iOS products. Since Apple released the first iPhone in 2007, Apple also released other iOS products. Among the most notable products are: iPad, iMac, iWatch, iPod, and Apple Watch. Along with hardware, the software services include the App stores.
Perhaps this may not be a surprise to investors. The iPhone is considered among the most recognized products in the world. Not only did the phone change our way of life, but opened new avenues in software development and sales. According to Asymco analyst Horace Dediu, he predicted Apple’s cumulative revenue could reach up to $980 billion by mid-2017. Therefore, if Apple can meet or exceed its upcoming 4th quarter earnings on January 24, 2017, this could convine investors its progress to achieve this milestone.
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