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HOW WILL APPLE’S STOCK PRICE FLUCTUATE?
Apple (AAPL), one of the world’s most powerful tech giants, is expected to release its Q4 2019 earnings report on 28/01/20, after market close. The consensus EPS forecast for the quarter stands at $4.53, compared with $4.18 for the same quarter last year.
Positive
After outperforming the S&P 500 over the last 5 years, with stock price running over 100% in 2019, Apple will continue to generate more revenue from its roughly 1 billion active devices, resulting in a steady sales jump.
Negative
Despite its recent stock rally, iPhone optimism won’t change Apple’s stock downward trajectory. As a result, the company’s full-year profit and sales will decline for only the second time since the year 2001.
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