The Rise In Apple Shares Price and Future Forecast

After the forecast news for quarter earnings spread in the market, the price of the Apple share rose up and the company wants to launch an innovative iPhone model in September.

The main reasons behind the increase in the price of Apple share: are earning forecast and new model launch, the company stock valuation has been increased up to $1 trillion.

The percentage increase in the share price is 4.7 at $199.26, overall the stock increase over the whole year at 17.5%.

The fourth quarter earnings will be announced at the end of September and the Apple has set an expectation for earning between 60 billion to 62 billion dollars in contrast to analyst revenue estimation of $59.6 billion.

The Apple will launch a new model in the month of September and obviously, these sales will play role in the 4th quarter earnings. The model name is iPhone X with new innovative features and full screen expected to launch in September.

The analysts also expecting that Apple will launch at least three new iPhone model in September before the 4th Quarter revenue announcement.

The iPhone X has already contributed in the 3rd quarter income and the new models launch in September with high price would enhance the gap.

The iPhone is a high priced set in the market but still the company reaping the benefits of its high price, as said by one of the analysts.

During the year, the sale of Apple iPhone is 41.3 million.

The shipment estimate by the analysts in Morgan Stanley dictates the company will reach the target of 48.3 million and amplified the iPhone selling price up to $720.

The Apple also has other products like Apple music and App store that put their part in the 3rd Quarter earnings.

The analysts also expecting from the company will soon launch a video service same like Amazon and Netflix.

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