Apple shares continue to be bought after new product announcements

Apple shares continue to be bought after new product announcements
Apple shares continue to be bought after new product announcements

There’s no denying this: People love Apple (NASDAQ:AAPL) products. They are willing to pay the highest price for them, but Apple has made a smart move not to raise the price of its cheapest new iPhone model. Additionally, Apple has new feature-rich products in addition to the iPhone 14. Savvy investors can continue to hold AAPL stock with confidence.

When Apple comes out with a new version of the iPhone, it’s almost like a national holiday in America. But it’s not just customers who are waiting impatiently. Investors in Apple are also bracing for a new wave of sales and earnings and hoping for an increase in share prices, commented Louis Navellier of InvestorPlace, an expert and growth investor.

So, let’s celebrate the latest offerings from Apple and dive into the details of the carefully considered version of the iPhone 14. At the same time, you should have an idea that there is more to Apple than the iPhone, as the company also has other gadgets for to attract the attention of technology lovers.

What’s up with AAPL stock?

It’s not every day that a resistance line like the one seen at AAPL can be discerned. The stock price needs to break through its long-term resistance at $180 before it can move much higher.

Patience will be the key to success for loyal Apple investors. Just remember that you are investing in a great company and the stock is certainly not overvalued. After all, Apple’s trailing 12-month price-to-earnings (P/E) ratio is quite reasonable at 25.98.

Also, investors should know that Apple is making all the right moves in rolling out the iPhone 14. Despite high inflation, the company has kept the starting price of the iPhone 14 at $799. Anyone who thought Apple would make their phones unaffordable has been proven wrong.

Apple’s other products should not be overlooked

Absolutely everyone will probably turn their attention to the new iPhones. This is understandable as it is an iconic product.

Still, consumers and investors alike shouldn’t overlook Apple’s other tech products. These are important sources of revenue for Apple, after all.

On the one hand, Apple is releasing its latest version of Airpods Pro. They feature a new H2 chip, along with major improvements to active noise cancellation and transparency mode.

Then, in the watch category, there’s the Apple Watch Series 8 and SE. The Series 8 features a “large, Always-On Retina display and a tough, crack-resistant front crystal,” as well as “all-day 18-hour battery life.” As for Apple’s SE series watch, it offers “activity tracking, high and low heart rate notifications, and emergency calls,” among other features.

Plus, there’s a notable inclusion in the software category. Ready to get your heart rate up? If so, then you might be interested in Apple’s fitness and wellness service known as Fitness+. This fall, Apple Fitness+ will be “available for all iPhone users to subscribe to and enjoy, even if they don’t have an Apple Watch.”

What can you do now?

Apple’s investors must have a firm belief that people will reach into their pockets for these high-tech gadgets.

Buyers are likely to be happy to pay for these feature-rich offerings. Apple has obviously put a lot of thought into these new products and their prices — and you might want to think about how much AAPL stock you’d like to own right now.

*The material is analytical in nature and is not advice to buy or sell Apple shares in the stock markets.

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