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Why Apple Could Hit $240 Per Share

Almost every tech innovation of the past 20 years was either directly or indirectly enabled by wireless networks.

If telecommunications companies hadn’t rolled out wireless data in the early ’00s, Steve Jobs would have never unveiled the first iPhone in 2007.

The first iPhone was so much more than a phone. And smartphones became the focal point of consumer technology.

But, without a way to connect anytime, anywhere, Apple would never have been able to reinvent the phone, or reinvent how we interact with world.

And very soon the next biggest thing in wireless technology should take hold.

How Apple Will Enable The Future

Rising coverage and data speeds enabled a slew of internet services and applications from social media and ride-sharing, to gaming and sports betting.

From Uber to Spotify, and every app/service in between, would never have come into existence without the first iPhone.

There would be no Google Maps, no Facebook and of course no Netflix to watch when away from home.

All these new services, and 5.2 billion mobile broadband subscribers, have created a tsunami of growing data traffic.

Between the end of 2016 and the end of 2017, data traffic grew by a whopping 55%, despite the fact that the user base only grew by 53 million subscribers in Q4, as noted by an Ericsson report.

And that traffic growth is set to skyrocket even higher.

Wireless communications are about to go on steroids. The biggest tech upgrade in history begins this year with 5G.

And with 5G, the company who helped start it all could see a major run-up in share value.

Meaning Apple stock’s best days have yet to come.

A Trillion Dollar Apple

When new 5G wireless networks become fully available, they will bring 100 times more bandwidth and a 10-fold decrease in delays due to your wireless connection.

5G Chart

But, your current smartphone is a 4G dinosaur and can’t handle that much data.

For 5G to work we need a slew of new devices.

This means new smartphones, new tablets, new headsets etc.

According to a recent International Data Corporation report, the “catalyst to watch will be arrival next year of smartphones tailored for ultra-fast 5G telecommunications networks.”

And who better to lead the way in 5G than the company who already lead the way with 3G and 4G?

The same IDC report also notes iPhone sales are expected to rise 2.6% to 221 million units by the end of 2018, soaring to 242 million by the year 2022.

And this doesn’t include iPads or other wireless devices, like smartwatches.

Currently, Apple shares are trading at $192, as I write. The stock is broaching new highs almost daily thanks to perfect synergies in the tech space.

Synergies like 5G, IoT, augmented reality and big data management, among others, and this is only going to increase demand for a new swath of Apple devices.

In 2007, Apple shares doubled in the six months following its first iPhone launch.

Will shares double when the first 5G device from Apple hits the shelves?

Probably not, the stocks is a lot more expensive today than a decade ago.

But a 25% rise is not far fetched at all. Which means shares could hit $240 in the next year or so.

Considering this you may want to consider stockpiling now, while technically still at a discount.

For Technology Profits Daily,

Ray Blanco

Ray Blanco
Chief Technology Expert, Technology Profits Daily

Editor’s note: Apple is not an official recommendation, and we will not be tracking it. However we do believe this stock has great days ahead for the reasons outlined today.

But, be sure you do your own research to ensure any move meets your needs, and never bet more money than you can afford to lose.

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Ray Blanco is the editor of Technology Profits Confidential as well as Breakthrough Technology Alert, Ray Blanco’s FDA Trader, Penny Pot Profits,
Ray Blanco's Pot Stock Mastermind, and Technology Profits Daily. Ray has been with Seven Figure Publishing since 2010. In 2018, his closed positions in Technology...

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