Apple Forecasts based on a Predictive Algorithm
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This Apple stock predictions for 2020 article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology –
This article was written by Ave New, a financial analyst at I Know First. He graduated from the Royal Melbourne Institute of Technology (RMIT) with a B.A. Business (Marketing).
Summary
Apple will release its second quarter earnings report on Monday, and analysts have been raising their estimates ahead of the results being released. While the Apple Watch was officially released this week, this has little to do with the optimistic sentiment around the company, as sales will mostly show up next quarter and will not have a huge effect on revenue at first. Instead, the iPhone 6 is expected to do much better than previously expected, driven by foreign markets including China.
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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.
