Apple Inc’s (AAPL - Free Report) radically overhauled iPhone X was anticipated to be a super cycle and it seems like it is turning into one.
Going a step ahead, Piper Jaffray analyst, Michael Olson in his research titled “Why AAPL Can Keep Working: 'Super Cycle' Is Now 'Super Long Cycle'' has stated that, “this could well turn into a “super long cycle” driven by the next iterations of iPhone X.
He was quoted by CNBC saying, “Apple may be increasingly well positioned to experience a strong multi-year iPhone trajectory, not the short-lived 'super cycle' that was anticipated. We believe an elongated iPhone cycle in FY18, followed by a wider array of iPhone X 'offspring' in Fall-18, along with growing awareness and interest in augmented reality (fueled by developers populating app store with new use cases and, longer-term, addition of rear facing 3D sensor), will all push out the need for Apple to answer the question of 'what's next?.'"
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Apple Inc’s (AAPL - Free Report) radically overhauled iPhone X was anticipated to be a super cycle and it seems like it is turning into one.
Going a step ahead, Piper Jaffray analyst, Michael Olson in his research titled “Why AAPL Can Keep Working: 'Super Cycle' Is Now 'Super Long Cycle'' has stated that, “this could well turn into a “super long cycle” driven by the next iterations of iPhone X.
He was quoted by CNBC saying, “Apple may be increasingly well positioned to experience a strong multi-year iPhone trajectory, not the short-lived 'super cycle' that was anticipated. We believe an elongated iPhone cycle in FY18, followed by a wider array of iPhone X 'offspring' in Fall-18, along with growing awareness and interest in augmented reality (fueled by developers populating app store with new use cases and, longer-term, addition of rear facing 3D sensor), will all push out the need for Apple to answer the question of 'what's next?.'"
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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