Integrity Research Group Remain Bullish on Apple Inc.

Tokyo, Japan, April 22, 2016 (Newswire.com) - Apple Inc. (AAPL) is going to have a very strong 2016. A recent report by Integrity Research Group highlights why the Tokyo-based firm feels that AAPL is a strong stock pick for the coming year ahead.

When the iPhone 6 was released in September 2014 it broke all sales records for its opening weekend, and China’s consumer sales were a significant factor. We are expecting a surge in sales at the time of the new handset release, in Q3 and Q4 of this year. As such, AAPL’s China smartphone sales should grow 29% in 2016 and remain above worldwide market growth rates through 2021.

Also, according to the report by Integrity Research Group, smartphone sales growth will expand in India, Indonesia and Africa over the next 5 years — particularly for AAPL products.

But that’s just the beginning. AAPL has a powerful base of products that will continue to expand its revenue base, including its music service, new generation of laptops and AppleTV. But the two biggest drivers for the future will be the Apple Watch and AAPL’s iPhone upgrade program.

The upgrade program means aspiring iPhone owners can afford to buy the phone in monthly installments and get a new upgrade every year. This should be a huge opportunity for AAPL to expand its growth and bring in a new Apple populace.

Also, the Apple Watch is about to explode onto the consumer scene. Sales have been kept guarded by the company, but they appear to be healthy, so we estimate that AAPL is on track to sell 13 million watches this year.

It has also been widely reported that Apple is planning to delve into the electric car business within the next 3 years. There have been rumours for some time now, but sources have confirmed it and the company has a secure testing site in California. They have discussed requirements for testing an autonomous vehicle with the California Department of Motor Vehicles.

Apple already has over 600 employees in this division, with some pretty big names signing on to the project. While the major car manufacturers scoffed at the idea of a tech company squeezing in on their territory, the rumours were powerful enough to send Tesla (TSLA) stock down 2% when the announcement was made last year.

The question is whether Apple will go it alone or find another company to partner with that can work on the software and programming while it can focus on design and build, unquestionably Apple’s forte.

Whether the car project comes to fruition or not, Apple has plenty to look forward to in the coming years. And since the stock is basically sitting where it was at the beginning of the year, it’s still a great buy for outsized growth in 2016.

Source: Integrity Research Group