APPLE HAS BEST DAY IN TWO YEARS
Gone are the days of Apple’s exponential growth. Gone are the days when Steve Jobs’ presentations of a new product had the tech world buzzing. Apple recently posted its second consecutive quarter of decreasing sales. However, these numbers do not worry Wall Street. On the contrary, they excite investors. Apple’s dominance of the stock market used to be such that, even if they exceeded expectations, stock would drop. Now, less dismal numbers have investors jumping for joy. As a result, Apple’s stocks have jumped 7%, and if it goes any higher, the tech giant would record its highest profit since 2008. Despite the slight rebound, Apple’s stock remains down by 1% in 2016. Raymond James analyst Tavis McCourt believes that Apple will see slow growth over the next year and return to a stability that investors are used to. Furthermore, McCourt says that there are still several weaknesses which he expects to get addressed by 2017.