Home Latest Apple stock price: Can iPhone 14 release stop AAPL share slide? –...

Apple stock price: Can iPhone 14 release stop AAPL share slide? – Capital.com

Ads

Scan to Download ios&Android APP
Apple (AAPL) stock price chart
What does history say?
How can investors play Apple stock?
By Jenal Mehta

13:25, 7 September 2022
For its first in-person live event since 2019, Apple (AAPL) is likely to unveil some important flagship products. Despite this, the stock market appears to be relatively unmoved, and it turns out that is normal for the tech giant.
The “Far Out” live event taking place on 7 September has been rumoured to include the unveiling of multiple new products including the iPhone 14. It will be the first live event since 2019 by Apple, with previous events taking place online while lockdown measures were enforced.
Apple’s shares have been sliding in recent sessions, with value down almost 7% in the past month and based on share price impact of historic events, “Far Out” is may not change the course of this downward trend. Of course, past performance is not a reliable indicator of future returns.
The current market decline is a reflection of the current global economy. This is being felt by other tech giants too, such as Google (GOOG) and Microsoft (MSFT), whose products have been taken off the shopping list of many consumers as the cost of living continues to rise.
 
Bullish Bearish
95% 5%
You voted bullish.
You voted bearish.
Give AAPL a try
The following are some examples of how stock prices have moved compared to S&P 500 (US500) and the Nasdaq 100 (US100) during past live events by Apple. In general the Apple (AAPL) stock price has moved in line with the broader market after past events.
This event was held on 10 September, 2019: Apple watch new series, iPhone 11 series and the most recent iPad were announced at the event.
Held on 13 October, 2020: iPhone 12 series and HomePod Mini were announced at this event. It took place virtually.
Held on 14 September, 2021: another virtual event, announcing the new iPad mini and iPhone 13 series.
Alex Wilhelm, Tech analyst at Tech Crunch said in a publication: “Investors simply don’t trade Apple based on the products or services it announces.”
AMC
TSLA
NVDA
BBBY
He added: “If that surprises you, welcome to the club. You might think that the substance of what Apple announces matters to folks buying and selling its shares on any given day, but it mostly doesn’t.”
But, again, investors must be aware that past performance is not a reliable indicator of future returns.
Tech stocks have all been negatively affected by the larger economic factors currently at play. Meanwhile, the appeal of tech products has declined as consumers become more budget conscious in the high inflation environment. The Nasdaq 100 (US100), a tech-heavy index, has declined almost 10% in the past six months.
Analysts at JPMorgan said in its most recent mid-year report that value companies particularly in the technology sector are specially hard to predict right now.
“The pandemic coincided with a rapid adoption of technology which led to a large upgrade in earnings expectations. But some stocks – such as streaming services – are struggling to meet these lofty expectations,” the report said
These firms face a number of risks in the short term, but opportunities may still exist, the JPMorgan analysts said.
“It remains a risk that interest rates rise further if economic activity and/or inflation rise further which has the potential to weigh on longer-duration growth stocks. However, such a broad sell-off is also providing selective opportunities to obtain good growth companies at better prices. The challenge for investors will be to find compelling innovative companies without overpaying.”
Disclaimer: past performance is not a reliable indicator of future returns.
There are currently no responses for this story.
Be the first to respond.
Why Capital.com?
Simple and intuitive platform
No commission
Competitive spreads
Most traded
Got a trading idea? Try it now.

Join the 450.000+ traders worldwide that chose to trade with Capital.com
1. Create & verify your account
2. Make your first deposit
3. You’re all set. Start trading
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Risk Disclosure Statement
The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
Risk warning: сonducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. Past profits do not guarantee future profits. Use the training services of our company to understand the risks before you start operations.
Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus.  

source

Ads
Ads
Previous articleArizona high school football scores: Live updates, live streams from Week 5 (9/16/22) – Scorebook Live
Next articleRussia-Ukraine war: EU says supply of weapons to Ukraine ‘absolutely vital’; missile strikes Zelenskiy’s home town – as it happened – The Guardian
Nitika is a MCA graduate and works as all-round news writer at The Hoops News. In free time, she works on Photoshop and plays GTA V on her Xbox. A tech-enthusiast at heart, she explores ways that businesses can leverage the Internet and move their businesses to the next level. You can contact her at nitika@thehoopsnews.com.