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Apple (AAPL) has been dominating the domestic market over the past few years, and its products and innovations have been huge successes. The latest winner is the iPhone smart phone.
Now, with a weak dollar, look for sales of this fantastic product to explode across the globe. If you think the success domestically is something, wait to see what sales do overseas.
Cell phones made in Asia sold very well in the U.S. when the dollar was king. Now, the reverse will be true. AAPL is already a must-own stock, and the case gets even better with a weak dollar. The rich keep getting richer, and that is the case with AAPL. There is another double here simply due to global sales.
See the complete list of stocks set to benefit from the weak dollar.
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Reader Comments (Page 1 of 1)
11-15-2009 @ 5:44PM
Average White Boy said...
Analysts really keep pumping this stock up, but it's not performing any better, than say, Google or certainly Amazon. Apple may have to sell 10 million iPhones just to keep the share price from dropping under $200. Apple is opening stores like crazy and hopefully people will be buying enough products to keep sales for each store up. Hopefully Apple will be at $210-215 by years end, but unlikely getting to the $230 mark. Not sure what you mean by another double.