Apple Inc shares will remain in focus on Tuesday after the tech giant launched its first-ever retail store in Mumbai, India. The move is touted to be the opening gambit of an "aggressive push" to grow its market share in the country
While India accounts for a small portion of Apple’s overall revenue, the iPhone-maker has expressed optimism about the nation’s potential for growth. Apple is also working to turn India into a key global hardware manufacturing hub
According to a report by JP Morgan analysts last year, Apple is expected to expand its manufacturing capacity in India to produce 25% of all iPhones by 2025
Apple share price saw a significant rise of over 20% in the past couple of months on NASDAQ. So far this year, Apple shares have rallied over 30%. In the last six months, the stock has jumped around 14%
Apple Inc is currently in a favorable trading position (BUY), according to technical analysis indicators. Based on analysis of the Oscillators technical indicator, the current market trend for Apple stock suggests that it is range-bound
Analysis of the Moving Averages technical indicator suggests that Apple Inc stock is in an uptrend, and analysis of the Pivot Points, the current market trend for Apple Inc stock suggests that it is a good time to buy
With profit expected to grow by a double-digit 16% over the next couple of years, the outlook is positive for Apple. Higher cash flow is also seen on the cards for the stock, which should feed into a higher share valuation, say market analysts
Last month, Goldman Sachs Group recommended buying Apple shares for the first time in nearly six years, after being mostly on the sidelines even as the iPhone maker’s stock more than quadrupled in value
Goldman’s new price target of $199 implies a 20% upside from the stock’s last close and is clearly above the average of $169.61. It is a good value when compared to its 3-year average PE Ratio
Indian investors can invest in Apple shares by opening an international trading account or by investing in mutual funds and Exchange Traded Funds (ETF) that offer exposure to global stocks
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