Apple Stock News: Archives

Tag: IOS apps

Apple Stock News: Archives

Tag: IOS apps

Apple Stock Forecast: Long-Term Benefits For Apple From Fast-Rising Mobile Games Industry

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Apple Stock Forecast

Summary:

  • The world spent $44.8 billion on mobile apps last year. This industry helped Apple improve its Services revenue by 24% during the most recent quarter.
  • Apple does around 70% of the global apps business.
  • Apple takes 30% commission from app store and in-app purchases done through iOS devices.
  • Strong revenue stream from iTunes App Store could inspire Apple to reduce prices of its iPhone and iPad products in China and other developing markets.
  • I Know First gives AAPL very positive buy signals based on its near and long-term algorithmic forecasts.

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