On Wednesday, Apple Inc. (NASDAQ:AAPL)’s stocks jumped up when the news that International Business Machine (NYSE:IBM) and Apple Inc. (NASDAQ:AAPL) have entered into a partnership hit the market. The share prices of the company stayed near the $100 mark, trading within the range by closing at $94.78.
Apple Inc. (NASDAQ:AAPL) shares are flying high right now, and the investors are confident about the stocks. According to Standards and Poor’s 500 Capital IQ, the company reached its all time high on 21st September, 2012, when it touched the figures of $100.70, and now after almost 2 years, the company stocks are again expected to make some new records.
Market experts are of the opinion that the company’s stocks look promising as year to date, stocks of Apple Inc. (NASDAQ:AAPL) surged 19.3 percent and exceeded the S&P 500 gain of 7.2 percent. Moreover, the company is expected to launch some new products in the market this year. The company has already gained a lot of market share by introducing Ipads; Ipads have stolen the thunder from tablets. Similarly, Apple Inc. (NASDAQ:AAPL) is competing in the smartphone industry against Nokia and Samsung and the company is drawing customers towards its smartphones by introducing larger screen iPhones. Now, Apple Inc. (NASDAQ:AAPL) has even stepped into the wearable industry, and predictions are that iWatches, like all other Apple products, will be successful in seizing a good portion of the market share.
Jeff Reeves, analyst at MarketWatch, has listed down a number of Apple’s strengths that can make the company’s stocks move forward. According to Jeff Reeves, the stocks have dominated the SMA50 by soaring more than 30 percent over the last 3 months. It will not be wrong to say that the company is right on track. Moreover, the analyst at MarketWatch was confident about the venture that Apple Inc. (NASDAQ:AAPL) has entered into, in the enterprise category. Apple has introduced its products in some emerging markets, like China, and that too without changing the price tags. Jeff thinks that this new venture can prove very profitable for the company as this expansion can improve the company’s earnings and revenue growth in the future. Jeff Reeves further talked about how the company’s increase in dividends, repurchase plan and the transfer of traders from risky stocks to high quality shares can boost the stocks of Apple Inc. (NASDAQ:AAPL).
Moreover, the sales of Apple’s iPhone 5S have exceeded the sales of Samsung Galaxy S5, even though the latter was launched in the market after the release of the former. The Telegraph reported earlier that about 7 million iPhone 5S have been shipped all over the world in May whereas only 5 million Samsung Galaxy S5 have been purchased during the same month. The reports further stated that even though iPhone 6 is about to release, the sales of iPhone 5S have not been affected, neither have they declined.
Apple Inc. (NASDAQ:AAPL) will release its earnings reports next week. Citigroup, a market analyst and research firm, has given Apple stocks a ‘buy’ rating with a target price of $110.
