4.7-Inch/5.5-Inch iPhone 6 Release Date Confirmed Drives Highest Apple Stock Price in History, Breaking Records Soon
By Precious Silva | August 22, 2014 3:01 PM EST
Apple iPhone 6 release will break records as majority of analysts agree. In recent support of the iPhone 6's potential, stock price for the company achieved a $100.53 split-adjusted record high last August 19. People are no longer talking about Apple's loss of innovation, rather the market has been buzzing about what the iPhone 6 can deliver. Reported release date and specs spell bright for Apple's future.
A woman holds her new Apple iPhone 5S after buying it at an Apple Store at Tokyo's Ginza shopping district September 20, 2013.
Much has been said about the potential of iPhone 6 to propel Apple's position at the top. While most have been predictions with a number of stock observations, recent stock behavior proves just that. Even Morgan Stanley has provided strong investor endorsement following the company's stock price hitting the $100-mark.
According to AppleInsider, analyst Katy Huberty offered strong recommendations in a new investor note. Among the list of reasons why Apple remains a good investment, Hubert cites a fresh product cycle. The analyst also pointed out that the cycle will stand out from previous years - investors can stand to benefit. Huberty claims that Apple shares can grow through present low institutional ownership rates.
According to Yahoo Finance Editor-in-Chief Aaron Task, it will be an understatement to claim that Apple's stock is a beneficial investment. The editor referenced a Wall Street Journal article pointing out how people can stand to gain from Apple's stock. For instance, $10,000 will yield $456,000 presently. Task noted: "This is why people own individual stocks as opposed to mutual fund or ETF of indexes. Because you just don't get that kind of performance from the broad market."
"It just doesn't happen." He added.
Apple has a credible balance sheet. The company has around $160 billion in cash thus assuring people of its condition. Task also added that Apple can buy back stock, put out dividends and do just about anything if their balance is any support.
To add more fuel, RBC Capital Markets' Amit Daryanani said that Apple can break all records in 2014. The analyst says that Apple can sell as many as 10 million units in its opening weekend. Apple can also outperform ratings possibly hitting the $110-mark soon according to The Register.
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