Apple Stock Predictions
Before we get into predicting Apple’s stock price of, let’s look at what the company does.
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple’s total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple’s products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple’s products are distributed online as well as through company-owned stores and third-party retailers. The company generates about 40% of its revenue from the Americas, with the remainder earned internationally. Morning star
Dublin, Ireland-based Voysis focused on improving digital assistants inside online shopping apps, so the software could respond more accurately to voice commands from users. A now-removed company webpage said the technology could narrow product search results by processing shopping phrases such as “I need a new LED TV” and “My budget is $1,000.” Voysis provided this AI to other companies to incorporate it into their own apps and voice assistants.
Voysis’s system taps into Wavenets, an AI-based method for creating more human-like computer speech that was first developed by Google’s DeepMind in 2016. Voysis co-founder Peter Cahill said in 2018 that his company managed to shrink its system to the point where, once the AI is trained, the software uses as little as 25 megabytes of memory — about the same size as four Apple Music songs. That made it much easier to run on smartphones without an internet connection.
Apple could use the acquired know-how to improve Siri’s understanding of the natural language or to offer the Voysis platform to thousands of developers that already integrate with the Apple digital assistant. Apple has been the top buyer of AI startups in recent years and has a portfolio that already includes former startups including Turi, Xnor.ai, and Laserlike. Full Story
Apple’s EPS trends
AAPL’s EPS is projected to trend upwards which bodes well for this stock, as the technical pattern is still very bullish. The Nasdaq is also in a very strong uptrend and could potentially test the 15 to 18K ranges within the next two years. If this comes to pass, APPLE stock price could easily surge past 690 and possibly as high as 750 within the next 24 months.
Apple Stock Predictions For 2020 and Beyond
A monthly close above 300, will send soaring to the 360-390 ranges with a possible overshoot to the 450 ranges. After that, it should pull back and test the 330 ranges, building a base for the next move to the 600 ranges. All sharp Pullback should be viewed through a bullish lens
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