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Apple shares started to rise in price in anticipation of the announcement of new iPhones
The current year for the smartphone market is not quite usual. First, the pandemic has reduced the overall demand for mobile devices, because in the conditions of self-isolation, people need laptops more. Secondly, the expansion of 5G networks is still fueling demand for next-generation smartphones. Apple remains an influential player in the segment, this week it introduces new iPhones, the company’s shares have already begun to rise in price.
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The last time a noticeable rise in Apple shares was shown at the end of July, when the results of the company’s fiscal quarter turned out to be better than analysts’ expectations. This week, Apple shares began with a growth of 6.35%, analysts are inclined to associate such dynamics with the expectation of the announcement of new iPhones. According to statistics, Apple shares outpace the growth rate of the S&P 500 index by 13 percentage points in the first six months after the announcement of the next generation of iPhone, in the first three months they rise in price by an average of 10.7%.
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Wedbush Predicts Strong iPhone Refresh Cycle After New Models Release This Year. They estimate that up to 350 million Apple smartphones out of 950 million in use will be replaced with new models in the coming months. Morgan Stanley experts call a more modest forecast – in their opinion, in the first 12 months of the presence of new iPhones on the market, about 220 million copies will be sold. Existing 5G networks will not allow users to experience a noticeable difference in data transfer rates in all regions, so for most customers, purchasing 5G-enabled iPhones will be a kind of “investment in the future.”.