How Big Will the iPhone 8 Be for Apple Stock?
Apple Inc. (NASDAQ:AAPL) has more than 10 designs competing to be the next “iPhone” model, as the smartphone’s 10-year anniversary has Apple stock looking to make big waves in 2017.
With all these different potential iPhones in consideration, Apple stock is hoping for a big winner when it eventually settles on and releases its next smartphone model. (Source: “Apple iPhone With Curved Screen Could Come as Soon as Next Year,” The Wall Street Journal, November 28, 2016.)
Apple stock could be in for a big boon if any of these prototypes have what it takes to fuel another big boom in sales. Some of the designs being considered are thinner displays which make use of organic light-emitting diodes (OLEDs) and screens with better resolution than what competitors like Samsung Electronics Co Ltd (NASDAQ:SSNLF, KRX:005930) and Alphabet Inc (NASDAQ:GOOG) offer.
Apple stock has more riding on this model beyond the pressure to live up to the anniversary. The company has faced slowing sales and is hoping that this could be an opportunity for a comeback.
Having said that, it’s not as if all is dire for Apple stock. Even though AAPL stock has remained generally static recently, share prices have risen by six percent since the beginning of the year.
And then there were some crazy sales numbers earlier in the month. As we previously reported:
BMO Capital Markets analyst Tim Long estimates that AAPL stock accounted for more than 100% of the smartphone market because other vendors lost money in the sector. As a result, Apple has more smartphone profit than the industry netted overall. This is an improvement over the 90% of smartphone profits that Apple Inc. registered last year, Long said in a research report last Thursday.
It’s hardly do or die for Apple stock, but it’s also leaning in heavy on the “iPhone 8” being a big winner.
Editor’s Note: Hi, Stephen Karmazyn here. If you enjoyed this article, you can get more of my opinions and commentaries in our popular daily tech letter, Profit Confidential. Published daily, it’s FREE! .