This Could Be Huge For Apple Stock
Apple Inc. (NASDAQ:AAPL) has just released a map for the future direction of its “iOS” devices and the associated ecosystem, which looks quite promising.
As BlackBerry Ltd (NASDAQ:BBRY) announced plans to stop making handsets, Apple has grabbed this opportunity to fill the vacuum. Apple is entering a promising area of growth and, if everything goes as planned, AAPL stock is likely to hit the roof.
Apple has partnered with Deloitte Consulting LLP to bring the professional lives of employees closer to their personal lives, and that plan revolves around Apple’s mobile devices. The two companies are coming together to accelerate a business transformation regarding the “iPhone” and the “iPad,” the highly popular iOS devices that employees use to connect with everyone and everything important in their lives. This is likely to give a strong push to Apple’s bottom line and take Apple stock higher.
Deloitte, the leading consultancy firm in the area of enterprise digital transformation, is introducing a first-of-its-kind “Apple practice” to maximize the power, convenience and security of the iOS platform. The objective is to help businesses design and implement iPhone and iPad solutions, with the engagement of about 5,000 strategic advisers from Deloitte. These advisers shall be totally involved in transforming the ways in which businesses handle their customer-facing functions like retail and recruiting, research and development (R&D), inventory management, and back-office systems. (Source: “Apple & Deloitte Team Up to Accelerate Business Transformation on iPhone and iPad,” Apple Inc, September 28, 2016.)
The expected adoption of this iOS platform by enterprises is a great catalyst for AAPL stock.
Apple will also collaborate on a new service offering from Deloitte Consulting called “EnterpriseNext.” This service is designed to help clients take advantage of the iOS ecosystem of hardware, software and services in the workplace. The new offering will help customers discover the highest-impact possibilities within their industries and quickly develop custom solutions through rapid prototyping.(Source: Ibid.)
Apple and Deloitte aim to empower the mobile workforce to benefit from the potential of the powerful iOS ecosystem. This will help enterprises drive up efficiency and productivity. As businesses start deploying custom apps on their Apple devices and discover better ways of carrying out their activities, AAPL stock shall emerge as the biggest winner.
The power of the Apple ecosystem is well-known and gives the company an unparalleled advantage. Once business customers get hooked up to iOS devices and their connected apps, Apple’s cash cow will just grow bigger, pushing AAPL stock up further.
Apple is one of the most valuable companies in the world and, although the “iPhone 7” sales numbers are affecting Apple stock right now, it is time to focus on the bigger growth-driver of the company: its entire ecosystem, which will continue to see an upward trend.
As investors look forward to the Apple earnings report on October 27, for the September quarter, all eyes will be on the guidance provided by the company, as well as on the growth expectations from its enterprise business. Apple stock is likely to benefit from the company’s highly lucrative foray into the enterprise segment. AAPL stock will likely gain as the company’s strategy of digitally transforming enterprises takes shape.