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.
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.
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.
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.
Quick Look: Anglo American declined a $43 billion takeover bid from BHP Group, citing undervaluation.… Read More
Quick Look: Germany, Europe's economic powerhouse, faced unique challenges last year, including a loss of… Read More
Quick Look: Floki (FLOKI) surges by 17% in 24 hours, reaching $0.0001883, with a target… Read More
Quick Look: Keith Gill's return to social media sparked a 34% surge in PEPE cryptocurrency,… Read More
Quick Look: USD/JPY trading above 156.00, indicating sustained bullish momentum. Key support at 155 yen,… Read More
Quick Look: Strong Technical Support: EUR/USD above key levels; 14-day EMA at 1.0752. Bullish Breakout… Read More