Buy Apple Stock for the Long Term, According to Analysts

According to a Wall Street company, in this year, iPhone X’s innovative features will bring a bonus.

Piper Jaffray reiterated the excess ratings for smartphone makers and predicted next year, Apple will benefit from better monitors and 3D sensors to the rest of its iPhone line. Analyst Michael Olson wrote to clients on Thursday that “Why AAPL Can Keep Working: ‘Super Cycle’ Is Now ‘Super Long Cycle.'”, according to which, Apple may be more and more likely to experience the development of a formidable iPhone for many years Tracks, instead of short-term “super cycles.” In addition, the iPhone cycle is believed to be extended in FY18 and then there will be more iPhone X “offspring” in the fall of 2018, as people become more aware and interested in Augmented Reality after developers plugging new use cases and long-term backside 3D sensors into the app store.

Analysts expect that Apple will introduce three better OLED displays next year. In addition, he said, three-dimensional sensor supplier will be required to increase threefold volume next year. He writes that the iPhone X’s offspring could broaden iPhone users’ interests in the fall of 18.

Apple is one of the biggest performers in the market so far this year. Its shares have rallied 46% compared with the S&P 500’s 17% gain through Wednesday. And after the report, the company’s stock rose 0.8% on Thursday as well.

Apple’s iPhone X launched on Nov. 3 with the price of $999.