December 29, 2017
Apple Forecasts based on a Predictive Algorithm
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Apple Forecasts based on a Predictive Algorithm
The good news from the tax reform bill is that Apple’s corporate tax rate will decline by 40%, from the current 35% to 21%. But that’s not all. The bill would create a cash repatriation holiday where companies would pay a one-time tax of 15.5% on the overseas cash they bring back to the U.S.
Apple appears to be poised for a record holiday quarter. iPhone X production is improving. Three million units are currently being produced each week, but that could increase to four million units per week in December. According to Rosenblatt Securities analyst Jun Zhang, Apple may have sold six million iPhone X units over the Black Friday weekend which would be an amazing feat.
Apple is currently laying the groundwork for a sizeable boost in the Services business. This is on top of the stellar success the Services business already had in the most recent quarter when it grew over 24% to $8.5B in revenue. The Services segment is composed of the App store, Apple Music, iCloud, and Apple Pay.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
