Nobody knows what Apple Inc. (NASDAQ:AAPL) will do next. This very secret sauce keeps the world’s most valuable company interesting, along with some very winning products. CNET has recently provided five predictions for the coming 12 months as Apple (AAPL) steps into one of its most closely watched years yet. The first in forecast is that the speculation of Apple finally launching a big new TV product next year is looking hot.
If current year was the year of spiteful court fights, coming year will reportedly be the year of peace. Many of you may agree that the 10-year truce declared between Apple and HTC in November supports that guess.[article_detail_ad_1]
The company has gradually added new features to iTunes through iCloud that enable users get their own music on demand. CNET reported citing anonymous sources that deals with the big three record companies are “nowhere near to being completed”.
The leading new piece of software Apple put out during 2012 was its Maps. But it also emerged as a source of embarrassment, as both users and press discovered places where the software missed expectations. Don’t expect an overhaul overnight. But improvements will be made, as some have been made already, in the coming year.
What else to expect from Apple? You can expect a far better speed and integration with more third-party apps and services.
How the stock is trending now?
Shares of Apple traded down -3.76% during last trading session, closing at $509.79. The share price of AAPL traded Friday in a range of $505.58 to $518.13. The company now has a market value of $479.56 billion.
Are you optimistic or bullish on the near-term price outlook?
The stock, after recent close, is -13.22% down their SMA 50 and 27.37% off the 52-week high. The worst hit in its 52 week range is $379.57 per share, with $705.07 as its 52 week best price that compares with a latest closing price of $509.79. Its latest closing price has a distance of -8.69% from SMA20 and is -14.71% down than SMA200.
Watch the stock’s performance in different time span.
With recent gain, the year-to-date (YTD) performance reflected a 26.99% gain above last year. During the past month the stock dropped -5.05%, bringing three-month performance to -25.02% and six-month performance to -10.01%.
Do you know how risky is this stock?
For this company, beta value at 1.21 represents it is more volatile to the shift in the market. If we take a look on its volatility, 2.49% was seen in a week and for the month it was 2.96%.
What does equity analysts say?
For the stock, mean recommendation this week is 1.8. Sharing price target summary; nearly 48 brokerages have a mean PT as $754.02 and median PT of $750.00 while the highest price target set by those rating agencies was $1,111.00 and lowest PT was $270.00.
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