Netease Technologies News September 11, according to foreign media reports, while consumers wait for Apple to release a new iPhone, investors should be careful. Data show that Apples share price tends to rise by an average of 4.6% in the month before the launch of the new phone, but it will fall by an average of 0.7% in the following month.
Apples share price follows this rule in both fall announcements in 2017 and 2018. According to Dow Jones Market, Apples share price rose 7.9% in the month before the launch of the iPhone XS, XSMax and XR, but fell 0.8% in the following month. Apples share price rose 2.6% a month before the launch of the iPhone 8, the iPhone 8Plus and the iPhone X, and then fell 3.4% a month later.
The stock fell 0.4% to $213.36 a share Tuesday morning, before Apple held a new product launch. In the past month, by Mondays close, the stock had risen by about 6.6%, higher than the 2.1% rise in the S&P 500 index over the same period. Apparently, the rise in Apples share price is directly related to the launch of the new iPhone that day.
Daniel Ives, an analyst at Wade Bush Securities, reports that about a third of Apples 900 million active iPhones worldwide are in the upgrade window. This may mean that in what Ives calls the critical product cycle, Apple will face huge sales opportunities. He estimates that this is equivalent to about 180 million new iPhones that Apple is expected to sell by 2020.
Of course, things dont always go smoothly for Apple. The stock rose strongly in 2019, closing more than 35% on Monday, but threats are beginning to emerge.
However, Ives said in his report that he was optimistic about the impact of the Apple launch. Overall, we believe that this conference will fuel Apples growth tank, which is urgently needed because Apple is facing a headwind in the smartphone industry, which is intensifying, he said. (small)
Source: Liable Editor of Netease Science and Technology Report: Qiao Junyi_NBJ11279