It seems to be for the AAPL shares, 2017 will help shape things up considering that in 2016, the Apple share prices were in a slump. One of the reasons why this is happening is said to be due to the fact that a lot of the iPhone users have pent up the big upgrade demand that will not be seen this year.
Timothy Arcuri, a financial analyst with Cowen & Co’s stated that the iPhone 7s launch is said to be the biggest as this is what the company has planned. He also went ahead and stated that it would be better to wait for the slump of the iPhone and get in anytime now, In the morning, investors received a note where the target price for AAPL shares that was set by Arcuri was said to be $125. This was after a new analysis had been sown by the company in regards to the huge growth of those iPhone users who had devices which were 2 and plus years older.
To put things in simple terms, the base of iPhones users this year is growing and so is the eagerness of opting for the bigger upgrade of the iphone that is said to be out in 2017. This is a phone that is said to have an OLED screen as well as a new form factor. This also means that a lot of people are going to wait willingly for the next year before they go ahead and upgrade their iPhone. As it has been suggested in the various rumours, the snooze worthy iPhone 7 may also be the reason for companies like Samsung and Google to steal a good portion of those iPhone users who are planning to make a switch and are not willing to wait for another upgrade.