Skip to content

Apple stock soar amid 5G iPhone launch, analysts term it golden opportunity

Apple (NASDAQ: AAPL) stock price jumped sharply since the beginning of this week as sentiments are high about the new iPhone 12 series event that is scheduled today. The closely watched event is delayed from its original fall date because of supply chain disruptions due to the pandemic.

Analysts and investors are confident about the future growth prospects; they are calling it a ‘once in a decade’ opportunity for the company.     

The 5G supported iPhone series event took the center stage because the company has been experiencing slowing iPhone revenue growth trends in the past few quarters. It is considered as Apple’s biggest upgrade cycle in years.    

AAPL Apple Inc. daily Stock Chart
Apple stock performance. Finviz chart

Apple stock price soared more than 6% on Monday, the largest single-day increase in the last three months. The shares of the largest tech company are up almost 1.5% in Tuesday trading.

The reports are hinting that the tech company is planning to introduce 4 new iPhones with different prices and sizes. All of them would be supported by 5G technology, with faster download times.

“We expect this fall’s launch to be the most significant iPhone event in years,” Morgan Stanley analyst Katy Huberty wrote in a note this week.

The firm expects the tech company to ship almost 220 million iPhones in the next year and that represents a growth of 22% from the past year period.

Wedbush analyst Daniel Ives is bullish about the iPhone 12 launch as the analyst has raised Apple stock price target to $175. Shares of the largest company are trading around $125 at present, down from a 52-weeks high of $137 a share. Its stock price rallied close to $110% in the last twelve months.

The success of the iPhone 12 series is significantly important for Apple because of increasing market competition and slowing iPhone revenue growth trends. Its iPhone revenue came in at $26 billion in the latest quarter.   

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.