Will Apple continue to fall amid fall event & ban on iPhone?
Get ready for an exciting tech spectacle because Apple's highly anticipated event is just around the corner! In less than a week, on 12th September, $Apple(AAPL)$ will take center stage to unveil its latest innovations and cutting-edge products.
1. Highlights of Apple Fall Event
Apple officially announced a September 12th event, where they may unveil new iPhones and Watches with USB Type-C charging ports.
Apple is experimenting with 3D printing for the steel chassis of its smartwatch, the Watch.
Apple Event 2023: When is it and what will be announced? | Marca
2. Apple generally fell on the event day?
According to the past 10 years of data, Apple's stock price may not rise on the day of the event, and the intraday volatility is extremely high.
stock performance on fall event in 2022
If the stock price had risen a lot before the event day, then it probably will not get a good performance on the day. This is because the stock price had already increased a lot before the event day.
Apple's stock price trend after the new product release is mainly bearish or sideways, and the turning point of the market is in mid-October.
3. Will iPhone sales reach 220 mln after China’s ban on it?
China ordered officials at central government agencies not to use Apple’s and other foreign-branded devices for work or bring them into the office.
China accounts for about 19% of its overall revenue.
This move and potential sales decline could explain why Apple plunged over 3% yesterday.
Except for this accident, analyst Ming-Chi Kuo predicts that Apple's 2023 iPhone shipments could reach 220-225 million units, surpassing Samsung.
Will China’s ban affect Apple’s stock price much?
How will you trade Apple ahead of fall event?
Will you buy the new iPhone 15 series?
Leave your comments and repost to win tiger coins~
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Personally, I think China action to ban will affect Apple's stock as iPhone biggest market is currently from China without any doubt. It might be a great move from Chinese government to imply such restriction as some counter measures against US bans over the years. I will not buy the new iPhone 15 because i am totally attracted by the new release huawei mate60 which is much more innovative and interesting to explore for me. How about you? Huawei comes back strongly or the classic Apple? Come and join the discussion. [Surprised] [Surprised] [Surprised] [Surprised] [Surprised]
@GoodLife99 @Aqa @b1uesky @icycrystal @Universe宇宙 @rL @koolgal
@koolgal @rL @Universe宇宙 @icycrystal @b1uesky @Aqa @GoodLife99
Personally, I think China action to ban will affect Apple's stock as iPhone biggest market is currently from China without any doubt. It might be a great move from Chinese government to imply such restriction as some counter measures against US bans over the years. I will not buy the new iPhone 15 because i am totally attracted by the new release huawei mate60 which is much more innovative and interesting to explore for me. How about you? Huawei comes back strongly or the classic Apple? Come and join the discussion. [Surprised] [Surprised] [Surprised] [Surprised] [Surprised]
@koolgal @rL @Universe宇宙 @icycrystal @b1uesky @Aqa @GoodLife99
Continual expansion of the manufacturing capabilites in other country, i.e. India, will be imperative in mitigating this political risk.
Apple is still rather pricey in terms of valuation. Shall wait for a more attractive entry point before loading up more shares.
Keeping my hopes high for the new iphone 15 series as it is time for replacement.
What are your thoughts on Apple, my friends? [Grin]
@Jo_Tan @Universe宇宙 @MHh @JC888 @koolgal @LMSunshine @Fenger1188 @DiAngel @pete13 @KYHBKO
China's actions and policies can indeed have an impact on $Apple(AAPL)$
Trading Apple ahead of a fall event would depend on various factors, including your investment strategy and risk tolerance. It's essential to consider market sentiment, rumors, and historical price patterns leading up to such events. Some investors may choose to buy or hold Apple stock in anticipation of product announcements, while others might opt for a more cautious approach, as market reactions can be unpredictable.
As for buying the new iPhone 15 series, I won't be purchasing the iPhone 15 since my current iPhone 14 is still in good working condition. [Lovely]
Just couldn't get use to iPhone's interface & I found Android is more user-friendly vice versa iPhone supporter will find iPhone more handy.
So I don't think China's ban will affect Apple's stock price in the long run as we are not talking about changing branding only but the interface/usage.
Grab the dip instead if Apple's price fall further!!! [Miser]
Tigers! Will China's ban affect Apple's stock price much? come share your thoughts & win coinsssss [Miser]