Apple has surprised even the best analysts.
Goldman Sachs analysts said they correctly predicted Apple’s success in 2018. Experts have repeatedly reported about the upcoming drop in shares of Apple due to poor demand for X iPhone. However, iPhone X sold well around the world, and Apple’s stock grew so much in price that the company’s capitalization exceeded 1 trillion dollars.
Goldman Sachs raised its target price on Apple shares from $200 right up to $240. Analysts acknowledged that they were wrong earlier when he predicted the decline of the company.
“We expected a lot worse X iPhone sales and a small fall in the value of Apple shares. Now obviously none of this happened,” wrote Goldman Sachs analyst Rod Hall.
Now at Goldman Sachs, on the contrary, believe in the good future of Apple. The company believes that the new iPhone Xs, Max Xs iPhone and iPhone 9 will be massively sold worldwide. Moreover, less expensive iPhone 9 can supply a sales record, surpassing the results of the iPhone 6 and iPhone 6 Plus.