A very well‐known investment firm Longbow Research has initiated the coverage of the stocks of the Apple Company. They claim that within a time period of 12 months, Apple’s stock target price shall be $125. This is a very rosy picture forecast from the company for the investors. The company also claims that there will be a huge shift in demand for the iPhones. A lot of people will be buying the iPhone this year and showing positive interest towards the device.

According to the research reports of 51 pages published by the company, Shawn Harrison the analyst of the Apple company says that Apple is somewhat undervalued by 21 percent in the market. In the unstable competition and very stiff competition, Apple will still be able to chase their growth targets. They will be able to monetize a good part of the growth this year.

Apple is so called to be termed as undervalued. Apple has a very stable user base of the iPhone products. The have recently shifted a lot of sizeable money to their research and development for their latest handsets and it is expected that iPhone 7 will sell a lot faster than others. Apple’s iPhone 7 will definitely show a good response in the market and is expected to show up a lot better comparatively. Apple may be completely switching to the OLED display and curved glass panels next year.

There were nearly 710 million people who used the iPhone in 2016. This year a lot of people from Indian markets have also shown their enthusiasm for the same. Harrison sees India as one of the most potential market for the Apple. Couple of months back, Tim Cook also met the most dignified officials of Indian ministry. The official meeting went really good. A lot of future investments were also discussed by Apple on Indian soil.