Apple Stock News: New Apple Watch Will Cut Ties With iPhone

Apple Stock News

For the latest Apple Stock News, AAPL closed at $158.81 per share on August 7th, 2017. It generated a return of 1.54% from its previous close on August 4th, 2017, when it closed at $156.39 per share.

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Apple Stock Forecast For 2015

Financial Results For Fiscal 2015 First Quarter

As investors by now surely know, Apple Inc. (Nasdaq: AAPL) released its most recent earnings report on January 27th, 2015 for theapple stock forecast for 2015fiscal quarter ending December 27th, 2014, and it blew the doors off of analysts’ expectation. The company sold 74.5 million iPhones during the holiday quarter, which is astonishing when you consider this means it sold 34,000 iPhones every hour over that time. Record revenue from iPhone and Mac sales, as well as a record performance from the Apple App Store, led to the company’s highest ever revenue of close to $75 billion. Even more impressive, the company posted net profits of $18 billion, a record for any publicly traded company. Shares rose about 5% in after hour trading after the positive financial news.

Now that the financial results have been released and pored over by analysts, there is a divergence of opinion on how the stock will perform during the rest of 2015. Nearly a dozen research firms raised their price targets on Apple after the company’s impressive report. But some analysts believe that Apple will face significant challenges in the coming year, citing such arguments as the stock is now too expensive or that slowing smartphone growth, which Apple is overly reliant on, will harm the company’s margins. However, Apple is well positioned for continued growth in 2015 because of its diverse ecosystem of product offerings and its success in China. Furthermore, the company is still currently undervalued, even with its stock price having climbed over 60% since the same time last year.