Apple stock raised a new confidence as it reaches $1 trillion valuation, A recent announcement on Thursday, FBR Capital Markets Managing Director Daniel Ives said, Apple`s percentage may reach $ 185 in 2017, which is in line with the company assessment ‘to reach $ 1 billion valuation.
In a statement Ives said, the target price of $ 185 is the highest goal on Wall Street. Also values the most valuable company in the world for more than $ 1 trillion. He also mentioned that there are some factors that the current market underestimated, will help the company achieve its target of $ 1 trillion in 12 months. In an interview with CNBC Ives said, companies like Apple Apple`s Play software, applications and streaming services will help the company achieve its goal.
Ives said, “I think really the jewel of gold is on the software side. We believe it could add up to $ 2 in earnings for 2017. I think this is really a kind of fuel into the engine for Apple.” He also suggested that Apple`s higher margin software will make the most of Apple`s income in the future. Ives added: “The piece of software services is 12 percent of the gross (profit) based on our estimates believe that triple in the next two years.”. He also said that as Apple Watch wearable be another growth area for the company. Ives said: “We see it as a market of $ 20 billion,” he said. “It’s just a snack in the restaurant in terms of Apple Watch what you expect to see them in the next one to two years.”
Other market analysts disagree with the assessment of Ives Apple. Headquartered in New York Triogem Asset Management Tim Seymour said.. “I think those things are great value I do believe that these are things that are in transition, and provide a buffer for the people, help feeling I I just do not think you get to $ 180 and I love Apple “.
Ives said, “I think really the jewel of gold is on the software side. We believe it could add up to $ 2 in earnings for 2017. I think this is really a kind of fuel into the engine for Apple.” He also suggested that Apple`s higher margin software will make the most of Apple`s income in the future. Ives added: “The piece of software services is 12 percent of the gross (profit) based on our estimates believe that triple in the next two years.”. He also said that as Apple Watch wearable be another growth area for the company. Ives said: “We see it as a market of $ 20 billion,” he said. “It’s just a snack in the restaurant in terms of Apple Watch what you expect to see them in the next one to two years.”
Other market analysts disagree with the assessment of Ives Apple. Headquartered in New York Triogem Asset Management Tim Seymour said.. “I think those things are great value I do believe that these are things that are in transition, and provide a buffer for the people, help feeling I I just do not think you get to $ 180 and I love Apple “.
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