A Year of Many Possibilities for AAPL Stock
Apple Inc. (NASDAQ:AAPL) remained the world’s most valuable public company as it crossed a record $900.0-billion in market cap in 2017.
The technology giant came quite close to achieving the $1.0-trillion milestone when AAPL stock closed at a little over $176.00 in November 2017. However, certain factors kept putting downward pressure on its performance.
Apple stock in 2018 is expected to be weighed down by the same obstacles.
The company is grappling with lower-than-expected “iPhone” sales and the onslaught of new phones from rivals is not helping the case for a higher AAPL stock price. Additionally, growth in China remains a concern.
Given the fact that the other product categories are still not bringing substantial revenue to the consumer technology behemoth, Apple stock will likely be under pressure in the coming months.
However, 2018 will also be a year of many possibilities for the company as “Apple Services” continues to be an impressive growth story. As customers pour more dollars into the “App Store,” Apple’s ecosystem becomes stronger and boosts the Apple stock forecast for 2018.
Apple Inc. has made big promises to add jobs and invest billions of dollars in building facilities in the U.S., which would also make things more exciting for the company. The corporate tax reform would help Apple bring back more cash from abroad, which would provide some cheer for AAPL stock investors.
With the focus on dividends and buybacks, AAPL stock is unlikely to see a further downfall in 2018, with its huge cash pile providing protection from potential downside risks.
2018 might see a new chapter in the history of the most valuable consumer technology company in the world.
Although 2018 may prove to be a tough year for the company, it may also be the year that Apple Inc. becomes the first company to cross $1.0-trillion in market cap.
Hence, our Apple stock forecast for 2018 remains upbeat.
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