Apple was probably the best performing technical stock of 2014. According to various reports from the market, Apple looks just as strong in the new year of 2015. Apple Pay is in news due to their partnership with new credit unions. Also, recent research reports suggests that Apple App store is breaking records in 2015. This period seems to be a very exciting one for all the Apple stockholders.
Here in this article, we will take a close look at the potential levels which Apple can reach in 2015. The stock which broke into the 110 levels would be looking at even higher levels. We will also take a closer look at the things which can and should help the stock reach high levels. Some of these include the recent development around Apple store and the news related to Apple Pay.
Apple was trading at $111.73 at the close of trading on Friday. The stock has increased a lot, due to the positive news coming in from the Apple headquarters regarding Apple App store. The app store has generated more than $10 billion in revenues for the developers in the year of 2014. The app store is also seeing a 50% increase in its billings.
Apple Inc (NASDAQ AAPL): iPhone 7
Apple App Store had the biggest day in Apple store sales history on the new years day. Apple has already broken a record in January. The record was for the spending of customers on apps and in-app purchases. Apparently, the spendings have reached $500 millions.
Apple claims that iOS app store has been instrumental in the creation of around six hundred thousand jobs in the United States alone. The app store revenue of Apple has again surpassed that of Google, although Google does have more downloads from the app store.
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Apple Inc financial news (NASDAQ AAPL)
Apple has been doing well in the market, with the huge success of iPhone 6 playing a huge part. They would be looking to make 2015 a successful year as well and news such as this would only help its case.
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