Monday, October 26

Apple Stock

Apple Stock, iPhone News

Apple shares rise 7% ahead of tomorrow’s ‘iPhone 12’ launch event

Apple Shares (AAPL) saw a 7% increase today, just ahead of the company highly anticipated 'iPhone 12' launch event, thanks to a Sunday note from investment firm Wedbush calling the event a "once in a decade" opportunity for Apple to capitalize on its 950 million iPhone users. Business Insider). Shares of Apple are up more than 7% to $ 124 today, leading the technology market even higher. According to Wedbush, demand for the larger, higher-priced iPhone is expected to be strong, which could help Apple stocks reach new heights. Wedbush sees a 28% rise in Apple shares as he expects the shares to hit $ 150."We see Apple and its Asian suppliers anticipating increased demand for the larger 6.7-inch model," Wedbush said, adding that he sees Apple selling 75 million iPhone 12s wit...
Apple Stock, iPhone News

Analyst Says Apple Shares Could Rise Another 27% Over Next 12 Months

According to Wedbush's Daniel Ives, Apple shares have the potential to gain another 27% in the next 12 months. Business Insider is reporting. "We still believe the stock has a lot of gas left in its tank with an iPhone 12 'supercycle' on the near-term horizon," the analyst wrote in a research note. Earlier in the week, Apple became the first publicly traded American company to overcome a staggering $ 2 trillion in market value, after its shares exceeded $ 467.77 USD. With a "top performance" rating on the stock, I've now got AAPL target price $ 515 and a bullish case of $ 600, which is 27% higher than where Apple closed yesterday. The next IPhone 12 5G launch it's also one of the most important product cycles for Apple, according to Ives.Even in a mild context due to C...