NEW YORK (TheStreet) -- Shares of Apple (AAPL) are climbing, slightly higher by 0.13% to $112.67 in early market trading Wednesday, after market research firm ABI Research said in a report that the tech giant is on track to post its first yearly decline of iPad sales since the device was introduced, CNBC reports.
According to the report, analysts predict Apple iPads to reach nearly 68 million in 2014, compared to just over 74 million shipped in 2013.
However, analysts at ABI Research also noted that Apple should reverse that trend in 2015, with overall tablet sales rising 16% year-over-year to 194 million.
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Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."