Apple stock is at an all-time high, and analysts are predicting that the company’s sales and profits will increase substantially in 2018.
Apple has made great strides in recent years, and the stock has risen in recent months as a result.
The company has grown by about $8 billion in the past year alone, while the company has increased its share price by nearly 25 percent.
But analysts are saying that Apple’s stock may not go up as much as expected.
A new report by analysts at Credit Suisse Research says that the growth in Apple stock over the past three years has been “very weak,” and analysts expect that Apple will see a “sharp correction” this year.
According to the report, the company currently has about $70 billion in cash and $70.3 billion in short-term investments.
In the first three months of 2018, Apple’s cash and short-long-term funds increased by $2.7 billion.
That is still a large amount, but analysts believe that Apple is now on track to be able to make a net profit of $2 billion this year, compared to $1.3 trillion in the first quarter of 2018.
“We believe Apple will hit $1 billion net profit in 2018, which would be a new record for the company,” Credit Suiss Securities analyst Brian Loughlin told Bloomberg.
“We think that’s a good place to be for investors, but that’s still far off from where Apple is currently in 2018.”
Apple has been working on a new iPhone, but the company is currently focusing on the software and hardware for the upcoming Apple Watch.