New iPhones Are Here, Wall Street Is Pumped!

On Tuesday, after many months of investor speculation, Apple unveiled their first generation of 5G iPhones – the iPhone 12, 12 Pro, 12 Pro Max , and
the iPhone 12 Mini ranging in price from $699 to $1,099. They also released a new smart speaker called the HomePod Mini. Additionally, a new service in the fitness space – Apple Fitness+ powered by the Apple watch is also anticipated to be an earnings hit.

Wedbush analyst Daniel Ives believes this will be the most important Apple iPhone product cycle since the iPhone 6, which occurred in 2014, and was a giant event when Apple increased the iPhone screen size. Apple announced the new iPhones will run on the 5G network and broadcasted the many enhanced technological advances too numerous to mention.

Wall Street has sky-high expectations. In fact, this past August Apple split its stock four-for-one, the sixth time since going public. When a stock splits four-for-one, the company issues you four shares for each share you own. Each share is worth roughly 1/4 the price of the pre-split stock.

Analysts are bullish because they believe 40% of the present iPhone owners have not yet upgraded their iPhones in the last three and a half years and were waiting for the 5G network to arrive.

Apple is one of the many high-quality stocks that deserve attention. Today there are hundreds of companies announcing new enhancements, innovations, corporate changes, and new product offerings. Technological developments, pharmaceutical discoveries, new processes, combined with efficient and extremely competent management and labor bring extraordinary business opportunities to the stock market.

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