I think apple will lift the market once again. $120 eventually, especially with the watch2 and airpod (super high margin) doing well.
Apple is sharply down after a research firm says iPhone 7 sales are down 25% Apple was down over 2% at one point during trading on Friday, although it has made a comeback and is currently down around 1.5% on the day. The stock dropped sharply at about 1:30 PM ET. Apparently, a German research firm, GfK, issued a report based on "channel checks" suggesting that iPhone 7 sales would be down from last year based on data from Europe and Asia. People who have seen a copy of the report are saying that it claims that iPhone 7 unit sales are down 25% on an annual basis against last year's iPhone 6S model, although it does not measure sales in the United States. Read more: http://www.businessinsider.com/apple-aapl-stock-sharply-down-after-gsk-report-2016-9
iPhone 7 launches in 30 more countries today, Apple Watch Series 2 arrives in 20+, Hermès models now available Following preorders going live on September 9 and an initial launch in 28 countries on September 16, Apple’s new iPhone 7 and 7 Plus today launch in an additional 30 countries around the world. Apple is also launching its new Apple Watch Series 2, Apple Watch Edition, and updated Series 1 models in 20 additional countries today as its new special edition Apple Watch Hermès models become available for the first time. The new additions for iPhone 7 and 7 Plus add to the 25+ regions Apple initially launched in, including: Australia, Austria, Belgium, Canada, China, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Puerto Rico, Singapore, Spain, Sweden, Switzerland, Taiwan, UAE, United Kingdom, and the United States. Today’s launch includes the following countries: iPhone 7 & 7 Plus Sept. 23 launch | Andorra Bahrain Bosnia and Herzegovina Bulgaria Croatia Cyprus Czech Republic Estonia Greece Greenland Guernsey Hungary Iceland Isle of Man Jersey Kosovo Kuwait Latvia Liechtenstein Lithuania Maldives Malta Monaco Poland Qatar Romania Russia Saudi Arabia Slovakia Slovenia Next up for iPhone 7 and 7 Plus will be a launch in India on October 7th. Read more: https://9to5mac.com/2016/09/23/iphone-7-launch-countries-apple-watch-series-2-hermes-availability/
Of all the different positions to have in life, predicting weak demand for a new iPhone release is not the hill I would want to die on.
Bank Of America Highlights 4 Flaws In Disappointing Apple iPhone 7 Data Apple Inc. (NASDAQ: AAPL) shares have stabilized in early Monday trading following a volatile Friday selloff on a report by GfK that the iPhone 7 and 7 Plus registered 25 percent lower sales in their opening weekend than the previous iPhone model. Bank of American analyst Wamsi Mohan believes the actual iPhone sales numbers are likely not that bad. According to Mohan, the GfK data is missing several key components and a direct comparison between iPhone 7 sales and iPhone 6s sales is more difficult than it may seem. “In our opinion this data is not representative of true demand as our conversations indicate that the data does not account for several factors including (1) Apple store, (2) online sales, (3) supply constraints, (4) comparability of data,” Mohan explains. He points out several additional factors that could be producing unfavorable comps in China. Apple has been aggressively opening new Apple Stores in China, and is now up to 41 locations. In addition, last year’s iPhone launch weekend took place closer to the Chinese Golden Week, which could have added to the difficult comp. Despite the disappointing news, Bank of America remains bullish on Apple’s stock. The firm maintains a Buy rating and s $125 price target. Source: http://m.benzinga.com/article/8495243
Im not surprised, there is not enough of a technology leap forward to encourage most people to upgrade. Most people I know that are upgrading have those plans where you pay extra every month to get the latest phone.
Aetna to offer Apple Watch at a discount to certain customers U.S. health insurer Aetna Inc said it would offer some customers discounts on Apple Inc's smartwatch, marking the first deal made by the tech giant with an insurer for its devices. Aetna, which has about 23 million members in the United States, will also give away the Apple Watch for free to its nearly 50,000 employees, Aetna said in a statement on Tuesday. The deal could help Apple boost the appeal of its Watch to potential customers as the company looks to target health and fitness conscious users with its new device. Aetna will discount a significant portion of the cost, and will offer users monthly payment options to pay off the remaining amount. The discounts on the devices will vary for customers, according to Aetna spokesman Ethan Slavin. However, reaction to the second edition of the Apple Watch has been muted since its launch earlier this month with the device likely to remain a niche offering, according to some analysts. Apple shipped 1.6 million units of the original Apple Watch, in the second quarter, down by 56.7 percent from last year, according to research firm IDC. In comparison, Fitbit Inc shipped 5.7 million units in that period. Aetna is also developing health applications for Apple's devices that will remind users to take their medications, order refills for prescriptions and message or call their doctor. The applications, which will use Apple Wallet to allow customers to pay their bills, will be available early next year. (Reporting by Narottam Medhora and Siddharth Cavale in Bengaluru; Editing by Shounak Dasgupta) Source: http://www.reuters.com/article/us-aetna-watch-apple-idUSKCN11X2BX
Apple will approach the long-term bullish trend again. This will eventually go past $150. Also a good short-term money making stock!
