Apple Stock Forecast: Apple Soars On iPhone 6 Demand

Apple Stock Soars On iPhone 6 DemandAppleLogo

Apple, Inc., (Nasdaq: AAPL) stock has been on a tear, up almost 50% since the beginning of the year and is on its way to a sixth straight year of annual growth. The tech giant’s stock price passed $100 in August, and more recently, what was already the largest company in the world passed another milestone when its market capitalization reached $700 billion, a level no other U.S. company has ever reached. The milestone also marked a doubling of the company’s market cap since Tim Cook took over as CEO in August of 2011.

apple stock forecast

iPhone 6 Generates Confidence

Consumer confidence in Apple has risen since they released larger iPhones in September, followed by a strong earnings report in October. Apple reported $42.1 billion in revenue for the three months leading up to September 27th, beating market expectations of $40 billion, and reported growth of 12%, their highest in two years. Apple’s stock price has increased 20% since that time, spurred on by huge demand for the iPhone 6, along with analysts expectation that the smartphone will have the best holiday season of any of the iPhone devices released until now. Apple always performs well during the last quarter, but this year looks to be exceptionally profitable for the company.

Apple was earlier planning to produce anywhere from 60 to 65 million devices, but they are now producing as many as possible to keep up with demand. Ming-Chi Kuo, an analyst at KGI securities with an excellent track record on Apple products, predicts that Apple will sell 71.5 million iPhones during the holiday quarter, which would mean a 40% jump in sales year-over-year. Samsung Electronics Co., Ltd., one of Apple’s main competitors in the high-end smart phone market, has struggled, and might be transitioning to cheaper technologies, further driving demand for the iPhone 6 up.

RevenueByQuarter

Analysts Are Bullish For Apple

The massive demand in the iPhone 6 has caused analysts to increase their price prediction for Apple, with analysts at UBS, RBC Capital Markets, BTIG Research, and Susquehanna all raising their price targets in November to somewhere in the range of $120 per share to $135 per share. There has even been talk of Apple reaching a market cap of $1 trillion. The demand for the iPhone 6 and projected sales during the holiday season have been so great that analysts are bullish even before factoring in Apple’s new product offerings coming in the future.

Cook has overhauled the product range over the past year. Apple will be releasing the Apple Watch early next year, which analysts expect 10% of iPhone users to purchase. This would translate to the sale of 30 million units, providing roughly $10 to $12 billion in added revenue. Early response to Apple Pay, the company’s mobile wallet service, has been promising as well. Apple will also be using their purchase of Beats Electronics to enter into the subscription music services early next year, addressing decreasing iTunes download sales because of competitors such as Spotify.

There are also products that haven’t been announced yet that could make an impact as soon as next year. In September, Cook mentioned in an article that they are working on projects that haven’t even been rumored yet. There has been a long predicted attempt to revolutionize the television business, as well as new speculation that Apple could be investigating virtual reality. Even if Apple’s new product offerings don’t provide huge amounts of revenue growth, the psychological impact is huge, as these are exciting times at Apple.

Algorithmic Analysis

I Know First is a financial services firm that utilizes an advanced self-learning algorithm to analyze, model and predict the stock market. The algorithm produces a forecast with a signal and a predictability indicator.  The signal is the number in the middle of the box. The predictability is the number at the bottom of the box.  At the top, a specific asset is identified. This format is consistent across all predictions.

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The signal represents the predicted movement direction or trend, and is not a percentage or specific target price. The signal strength indicates how much the current price deviates from what the system considers an equilibrium or “fair” price. The signal can have a positive (predicted increase) or negative (predicted decline) sign. The heat map is arranged according to the signal strength with strongest up signals at the top, while down signals are at the bottom. The table colors are indicative of the signal. Green corresponds to the positive signal and red indicates a negative signal. A deeper color means a stronger signal and a lighter color equals a weaker signal.

The predictability indicator measures the importance of the signal. The predictability is the historical correlation between the prediction and the actual market movement for that particular asset, which is recalculated daily. Theoretically the predictability ranges from minus one to plus one. The higher this number is the more predictable the particular asset is. If you compare predictability for different time ranges, you’ll find that the longer time ranges have higher predictability. This means that longer-range signals are more important and tend to be more accurate.

Forecast

The figure above is an algorithmic forecast for aggressive stocks made on August 19th, 2014 for the three-month time horizon. Apple had a signal strength of 19.95 and a predictability indicator of -0.12. In accordance with the algorithm, Apple stock price increased 16.13% over the next three months.

Potential Danger to Future Growth

While almost all analysts are bullish on Apple, there are potential pitfalls that could mean trouble for the stock. As mentioned earlier, predictions for iPhone 6 sales are extremely high, and analysts predict the upgrade cycle will have legs into 2015. A major concern would not be living up to these extremely high expectations. Analysts have been raising their price targets for the stock, maybe too high, and missing expectations could cause a market correction that could send the stock tumbling. Its success could also get in their own way, as Apple is projected to capture almost 70% of the high-end smart phone market, leaving little room for more growth.

While Apple Watch and Apple Pay are exciting growth opportunities for the company, the possibility of failure for the two new technologies to catch on and gain traction could have negative implications on Apple’s image, endangering the stock price. Worth watching will be how successfully they are able to enter the Chinese market. A huge untapped opportunity, many expect expanding into China to provide more revenue, but Apple might face stiffer competition than expected. While smartphones are gaining popularity, the iPhone might not be the dominant player, as Chinese brands such as Xiaomi have been successful and could pose a threat for Apple. While these potential pitfalls need to be monitored, the current demand for the iPhone 6 and new product offerings make Apple a very attractive stock to investors moving forward.

 

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Apple Stock Price: 17.59% Return In 3 Months

Apple Stock Price

This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

  • Top 10 tech stocks for the long position
  • Top 10 tech stocks for the short position

Package Name: Tech Stocks

Recommended Positions: Long
24 07 2013 10 48 51 Best Investments Based on Algorithms: 8.19% Gain in 14 DaysForecast Length: 3 months (24/08/14 – 24/11/14)
I Know First Average: 10.49%
Get the “Top Tech Stocks” Package.

stock forecast by using big data

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

How to interpret this diagram:

Algorithmic Stock Forecast: The table on the left is the stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. The top ten stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant tickers have been included. A green box represents a positive forecast, while a red represents a negative forecast. The boxes are then arranged according to their respective signal and predictability values (see below for detailed definitions).

Forecast Performance:The table on the right compares the actual stock performance with I Know First’s prediction. The column titled “Forecast” shows which direction the algorithm predicted, and the column “% Change” shows the actual stock performance over the indicated time period. The “Accuracy” column shows a “√” if the algorithm correctly predicted the direction of the stock or an “x” if the forecast was incorrect. The I Know First Average is the equal-weights average percent change of the stocks listed below, and the S&P 500 may be included for reference if relevant.

Signal: This indicator represents the predicted movement direction/trend; not a percentage or specific target price. The signal strength indicates how much the current price deviates from what the system considers an equilibrium or “fair” price.

Predictability: This value is obtained by calculating the correlation between the current prediction and the actual asset movement for each discrete time period. The algorithm then averages the results of all the prediction points, while giving more weight to recent performance. As the machine keeps learning, the values of P generally increase.

The Algorithm: The system is a predictive algorithm that is based on Artificial Intelligence (AI), Machine Learning (ML), and incorporating elements of Artificial Neural Networks and Genetic Algorithms. The system’s predictive analytics are self-updating, and thus live. The algorithm is a powerful resource for any investor conducting black-box trading or algotrading. 

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

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Apple Stock Prediction: 16.39% Gain In 3 Months

Apple Stock Prediction

This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

  • Top 10 tech stocks for the long position
  • Top 10 tech stocks for the short position

Package Name: Tech Stocks
Recommended Positions: Long
24 07 2013 10 48 51 Best Investments Based on Algorithms: 8.19% Gain in 14 DaysForecast Length: 3 Months (12/8/14 – 12/11/14)
I Know First Average: 15.41%
Get the “Top Tech Stocks” Package.

Tech Stocks 3 months (November 12th)

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

How to interpret this diagram:

Algorithmic Stock Forecast: The table on the left is the stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. The top ten stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant tickers have been included. A green box represents a positive forecast, while a red represents a negative forecast. The boxes are then arranged according to their respective signal and predictability values (see below for detailed definitions).

Forecast Performance:The table on the right compares the actual stock performance with I Know First’s prediction. The column titled “Forecast” shows which direction the algorithm predicted, and the column “% Change” shows the actual stock performance over the indicated time period. The “Accuracy” column shows a “√” if the algorithm correctly predicted the direction of the stock or an “x” if the forecast was incorrect. The I Know First Average is the equal-weights average percent change of the stocks listed below, and the S&P 500 may be included for reference if relevant.

Signal: This indicator represents the predicted movement direction/trend; not a percentage or specific target price. The signal strength indicates how much the current price deviates from what the system considers an equilibrium or “fair” price.

Predictability: This value is obtained by calculating the correlation between the current prediction and the actual asset movement for each discrete time period. The algorithm then averages the results of all the prediction points, while giving more weight to recent performance. As the machine keeps learning, the values of P generally increase.

The Algorithm: The system is a predictive algorithm that is based on Artificial Intelligence (AI), Machine Learning (ML), and incorporating elements of Artificial Neural Networks and Genetic Algorithms. The system’s predictive analytics are self-updating, and thus live. The algorithm is a powerful resource for any investor conducting black-box trading or algotrading. 

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

.

Apple Stock Forecast: 15.37% Gain in 3 Months

Apple Stock Forecast

This apple stock  forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

  • Top 10 tech stocks for the long position
  • Top 10 tech stocks for the short position

Package Name: Tech Stocks
Recommended Positions: Long
24 07 2013 10 48 51 Best Investments Based on Algorithms: 8.19% Gain in 14 DaysForecast Length: 3 Months (8/10/14 – 11/10/14)
I Know First Average: 13.44%
Get the “Top Tech Stocks” Package.

Algo trading

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

How to interpret this diagram:

Algorithmic Stock Forecast: The table on the left is the stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. The top ten stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant tickers have been included. A green box represents a positive forecast, while a red represents a negative forecast. The boxes are then arranged according to their respective signal and predictability values (see below for detailed definitions).

Forecast Performance:The table on the right compares the actual stock performance with I Know First’s prediction. The column titled “Forecast” shows which direction the algorithm predicted, and the column “% Change” shows the actual stock performance over the indicated time period. The “Accuracy” column shows a “√” if the algorithm correctly predicted the direction of the stock or an “x” if the forecast was incorrect. The I Know First Average is the equal-weights average percent change of the stocks listed below, and the S&P 500 may be included for reference if relevant.

Signal: This indicator represents the predicted movement direction/trend; not a percentage or specific target price. The signal strength indicates how much the current price deviates from what the system considers an equilibrium or “fair” price.

Predictability: This value is obtained by calculating the correlation between the current prediction and the actual asset movement for each discrete time period. The algorithm then averages the results of all the prediction points, while giving more weight to recent performance. As the machine keeps learning, the values of P generally increase.

The Algorithm: The system is a predictive algorithm that is based on Artificial Intelligence (AI), Machine Learning (ML), and incorporating elements of Artificial Neural Networks and Genetic Algorithms. The system’s predictive analytics are self-updating, and thus live. The algorithm is a powerful resource for any investor conducting black-box trading or algotrading. 

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

.

Apple Stock Prediction: 8.86% Gain in 14 Days

Apple Stock Prediction

This forecast is the Apple Stock forecast from October 21st to November 4th.

Get the Apple Stock forecast.

Recommended Position: long
24 07 2013 10 48 51 Best Investments Based on Algorithms: 8.19% Gain in 14 Days
Forecast Length: 14 days (10/21/14 – 11/4/14)

Apple Stock Prediction

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

How to interpret this diagram:

Algorithmic Stock Forecast: The table on the left is the stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. The top ten stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant tickers have been included. A green box represents a positive forecast, while a red represents a negative forecast. The boxes are then arranged according to their respective signal and predictability values (see below for detailed definitions).

Forecast Performance:The table on the right compares the actual stock performance with I Know First’s prediction. The column titled “Forecast” shows which direction the algorithm predicted, and the column “% Change” shows the actual stock performance over the indicated time period. The “Accuracy” column shows a “√” if the algorithm correctly predicted the direction of the stock or an “x” if the forecast was incorrect. The I Know First Average is the equal-weights average percent change of the stocks listed below, and the S&P 500 may be included for reference if relevant.

Signal: This indicator represents the predicted movement direction/trend; not a percentage or specific target price. The signal strength indicates how much the current price deviates from what the system considers an equilibrium or “fair” price.

Predictability: This value is obtained by calculating the correlation between the current prediction and the actual asset movement for each discrete time period. The algorithm then averages the results of all the prediction points, while giving more weight to recent performance. As the machine keeps learning, the values of P generally increase.

The Algorithm: The system is a predictive algorithm that is based on Artificial Intelligence (AI), Machine Learning (ML), and incorporating elements of Artificial Neural Networks and Genetic Algorithms. The system’s predictive analytics are self-updating, and thus live. The algorithm is a powerful resource for any investor conducting black-box trading or algotrading. 

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

.

Apple Stock News: Tablets – The Hype is Over

On Tuesday, Apple is likely to unveil its latest iPad. However, it remains to be seen if a new generation of the iPad can boost flagging sales. In fact, the tablet hype seems to be over already with both IDC and Gartner revising their sales forecasts for this year, predicting a downward trend.

According to media reports, the primary reason for this is the fact that people are not changing/upgrading their tablets so often. Additionally many people see little use for tablets in their everyday lives. The new rising star in the world of mobile devices seems to be the phablet. According to IDC, phablet sales are set to increase in 2014 by over 200 percent compared with 2013.

Click here for more charts and infographics.


Infographic
http://www.statista.com/chart/2829/worldwide-mobile-device-sales-forecast/

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AAPL STOCK NEWS: Apple Debuts New Ads ‘Huge’ and ‘Cameras’ Starring Jimmy Fallon and Justin Timberlake

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As iPhone 6 units are smuggled in ‘Twinkie boxes,’ Chinese government says regulatory approval coming soon

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Apple Stock News: iPhone6 Plus Review

 

Other iPhone 6 and iPhone 6 plus reviews:

Stuart Miles (iPhone 6iPhone 6 Plus), Pocket-lint
Gareth Beavis (iPhone 6iPhone 6 Plus), TechRadar
Geoffrey Fowler, The Wall Street Journal
Molly Wood, The New York Times
Edward Baig, USA Today
Joshua Topolsky, Bloomberg
Harry McCracken, Fast Company
Lance Ulanoff (iPhone 6iPhone 6 Plus), Mashable
Charles Arthur (iPhone 6iPhone 6 Plus), The Guardian
David Phelan (iPhone 6iPhone 6 Plus), The Independent
Matt Hill (iPhone 6iPhone 6 Plus), T3
Jason Snell, Macworld

Tim Cook Speaks on Steve Jobs, Apple’s Interest in TV, and Beats Acquisition in New Interview

2nd Part

3rd Part


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