Apple Stock Forecast and Prediction: Can Apple remain steady this week?

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Google Search Volumes for Apple Stock is higher compared to the last 24 hours.

12 months Performance Chart

Apple Stock Forecast: CrowdWisdom360- Insights

• After the record revenue of $123 billion, 11% jump Q-o-Q, investors and analysts are now eyeing on its upcoming launch of new products which will add-on the stock price of Apple.
• There has also been a possibility floating in the market of a possible joint-venture between Apple and Porshe which will mark its entry into automotive segment.
• The search trend for Apple is currently higher compared to 24 hours ago. A rising trend can be expected in the next few hours.
• Apple TV has now become the first streaming service to win an Oscar. ‘CODA’ is a 2021 film starring Troy Kotsur and Emilia Jones. This achievement can act as a turning point for Apple and attract more consumers to the Apple TV platform.
• Apple has managed to sustain a 11 day trading gain streak in 2022. The last time Apple managed to reach an 11 day streak was in 2003.
• Apple and Major League Baseball have partnered together to launch “Friday Night Baseball” where fans can watch two games on Fridays exclusively on Apple TV+. What makes this even more appealing is that is is completely free and there is no need to subscribe to Apple TV+.
• According to sources, the launch of Apple’s blood pressure monitor which is a feature of their smartwatch has been delayed. This feature will notify a person if they have high blood pressure. Apple is currently facing difficulty with the accuracy of the monitor and hence the launch has been delayed to 2024 latest.
• Apple executives reveal that Apple might face losses up to $8 billion in their June quarter earnings. Supply shortages in March and factory shutdown in China are the two culprits according to Apple executives.
• Quanta Computer a Shanghai manufacturer helps make Apple products in China. In April, to avoid spread of COVID-19 and ensure functioning of the factory they adopted the close-loop system. In a close- loop system the employees are required to remain inside the factory and continue with the regular operation and their day to day activities. Positive cases were reported inside the factory hence the workers felt aggravated and trapped because of the strict rules. As a result they broke through isolation barriers and a riot occurred.
• Taking all of these factors into consideration, the short-term recommendation is to Buy this stock.

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AAPL Apple Stock Forecast: 12 months Forecast

Apple Stock Forecast: Q1 Results

1. Revenue: $123.9 billion, +11%
   1. US Sales: $51 billion, +11%
   2. Iphone: $71.6 billion, 9.2%
2. Quarterly EPS: $2.1, +25%

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.