In the next 2 years mobile internet is set to soar by 150% especially as 4g gets rolled out.
It has been said that mobile internet usage will grow hugely and desk top usage will stay the same.
The Economist says the biggest winner of all this will be Apple. If Apple does nothing then they will naturally grow because they are so big in the mobile sphere with their iPhone and iPad.
If Apple brings out new products then it will only enhance the company share price and profile.
Bearing this in mind, the next big thing is supposed to be the I watch.
The latest news on this is below.
Makers of Apple accessories have already raised more than $10m to make a watch using the firm’s iPod Nano, but Apple has changed the shape of the latest Nano, leading some to suggest it could now be making its own watch.
Chinese news site TGBUS reported “Apple is building” a device using Intel chips and new low-power Bluetooth technology. A 1.5” touchscreen would be used to control the phone, and Apple’s voice assistant Siri would also allow users to control the watch using voice commands. It claims the device could launch within the next six months.
Bearing all this in mind Apples prospects look good in the next few years. So why is its share price falling? The simple answer could be is its pulling back at the moment and setting up for the next push up. Apple has risen strongly for just over 3 years and anything that moves up so strongly has to pullback at some stage to set up for the next leg up.
An easy way to see where that might happen is to use a Fibonacci grid on the last strong leg and use it to see if it picks one of those levels to bounce from. It may consolidate for a while but any support at those levels could be a buying opportunity for investors/Traders in the future.
This is how the charts looks right now with the Fibonacci lines marked.
How has Apple behaved in the past using this type of Fibonacci analysis?
The answer is that it did exactly the same thing before using a Fibonacci pullback before its last awesome move up. I attach the chart. When stocks use Fibonacci in the past they have a tendency to use it in the future.