In my opinion, this tech giant has plenty of room torise higher. The direction of making their own chips that they are heading is something to ponder. How is it going to affect their own value? How is it going to affect the whole market? Chips makers like Intel going to lose revenue? Commodity like gold going to fly high when there’s more demand for raw material? Food for thoughts maybe?
Apple Stock: Next Stop, $175?
So, Apple is having a bad year, you say?With shares hitting an all-time high this week and the gap in performance narrowing over the past month, that conversation can now be put to rest.The uptick has coincided with reports Apple has boosted the production rate of its iPhones, instructing manufacturers to build 90 million iPhones this year, a 20% increase on the 75 million units it produced last year.The renewed optimism in all things Apple is not surprising to J.P. Morgan’s Samik Chatterjee. T