Fri, July 19, 2024

Is it the Perfect Time to Buy Apple Shares?

Apple and interesting details

Investors eyeing Apple as a potential addition to their portfolios have a compelling reason to consider buying Apple shares. The tech giant’s stock is rising, propelled by the high demand for its latest iPhone 15 models. This article delves into the factors contributing to this surge in Apple’s stock price, making a case for why now might be an opportune time to buy Apple shares.

iPhone 15 Demand Fuels Apple Trade

Apple stock experienced a significant boost as reports surfaced about robust demand for the high-end models of the iPhone 15. Preorders for all four iPhone 15 versions commenced last Friday, with availability slated for September 22nd. Apple unveiled its 17th-generation smartphones alongside the Apple Watch Series 9 during a media event on September 12th, stirring considerable excitement among consumers.

Strong Performance of iPhone 15 Pro Models

Wedbush Securities analyst Daniel Ives said the iPhone 15 Pro and Pro Max models have had an impressive launch. The surge in popularity resulted in a significant 10.0% to 12.0% increase in preorders compared to the iPhone 14 launch. Moreover, Ives predicts that the average selling price for the iPhone 15 series will increase by around $100 in the past 12 to 15 months, reaching an estimated $925. Additionally, given the strong demand for the new iPhone models, Apple may also consider introducing new accessories tailored to enhance the user experience in the coming months.

Apple Stock Outlook

Daniel Ives’ outlook, supported by positive indicators, rates Apple stock as “outperform” with a $240 price target, underscoring its potential. Apple’s stock market performance has been optimistic, with a 1.7% increase, closing at $177.97, reflecting positive investor sentiment. Anticipation for the iPhone 15 and Apple Watch Series 9 is expected to boost sales and propel Apple’s stock.

In conclusion, the current climate favours those considering investing in Apple shares. Apple’s promising prospects are fueled by strong iPhone 15 demand and the expected rise in average selling prices, boosting optimism. While investing always carries inherent risks, the positive indicators suggest that now may be an opportune time to buy Apple shares. Conducting thorough research, monitoring the Apple stock forum, and consulting with financial experts before making investment decisions is essential.

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