Discussion in 'Investment Charts' started by longtermbull, Mar 22, 2017.
My view, its good time to buy.
Revenue dropped 15%, but at $42.4 billion, the company managed to keep its revenue above the expected $42.1 billion thanks to higher-than-expected “iPhone” sales. As for iPhones in particular, the company sold 40.4 million units, which beat expectations of 39.9 million units.
But is Apple’s stock a “Buy” now and what is the Apple stock forecast? Apple stock in 2016 will remain volatile. Investors want to believe in a comeback and they are apparently willing to forego reality checks. They were willing to muster a bullish response even as Apple sales—when it comes down to it—simply proved they were dropping.Yes, Apple also said that the iPhone is still able to draw customers into the company’s stores. Indeed, Apple suggested that iPhone sales have finally reached a bottom. Yet iPhone sales in key markets like China dropped by 33% amid growing competition with local brands.
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