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Will Apple continue to fall amid fall event & ban on iPhone?
@Tiger_comments：
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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