Apple Forecasts based on a Predictive Algorithm
Earlier this year, Apple introduced the 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus, moving on from the 4-inch models of the past. For years, the tech giant had pointed to 4-inch smartphones as an advantage over larger devices, but consumer preferences for larger displays caused the company to launch their big-screen iPhones in September. However, it appears that Apple will introduce a new 4-inch phone in 2015.
Apple has shut down their online store in Russia in the face of falling currency prices. It seems strange to shut down sales just before Christmas, but Apple’s earnings have been at risk of falling significantly when turned back to U.S. dollars. Apple does not have physical stores in Russia, so it relies on its website and third-party sellers. When someone tries to purchase a product, such as the iPad 2 or iPhone 6, on the website now, they are greeted with a message saying, “We’ll be back. We’re busy updating the Apple Store for you and will be back soon.”
Two months after its launch, Apple Pay has won over more banks while still seeking more success when it comes to retailers. Apple announced that they have reached agreements with ten more banks, and they now support cards that represent 90% of credit card transactions in the United States. Card issuers Barclaycard, SunTrust, and USAA are a few that joined the growing group of Apple Pay partners.
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Analysts expect Apple’s final quarter of 2014 to set dramatic records in iPhone sales and overall profits. While the iPhone 6 and iPhone 6 Plus have undoubtedly been a success, other factors that are not under Apple’s control have also have an effect on Apple’s sales and profits.
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Apple has agreed to a retail expansion in India that will see 500 new reseller storefronts set up in underserved regions of the country. Apple has been in India since 2011, but has not been a mainline brand there like they are in many other countries, such as China. Their Korean rival Samsung currently dominates the market, but Apple’s plans for a major push in India could change this quickly.
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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.