A History Apple stock rose 57% from Rose, still going for discount
The stock of Apple (NASDAQ: AAPL) increased 0.72% on Thursday and closed at $ 267.99. The stock has gained 11% this week compared to a decline of 2.56% the previous week. The stock rose more than 5.0% in April, compared to a decline of about 7.0% in March.
Recently, investors have shown renewed interest in Apple stock. Expectations are that the company will launch a new low-priced iPhone as soon as next week. The COVID-19 epidemic has largely affected job losses and household income. A budget iPhone may be perfect for this market situation. In fact, Apple has considered delaying its 2020 flagship iPhone, which would be a 5G device. The company is concerned about the reduction in demand.
The iPhone business is Apple's main revenue source. A cheaper iPhone COVID-19 can generate good sales among battered markets. Apple stock has risen 155% since launching the first cheap iPhone SE in 2016 for $ 400.
Apple planned to reopen its retail stores, which aroused renewed interest in investors' shares. To curb the spread of COVID-19, Apple closed all its stores outside China and some other Asian countries last month. However, the company plans to reopen the stores this month, which will help increase its sales pressure.
At the time of closing on Thursday, Apple's stock rose 57.4% from its 52-week low. At this point, investors can still scan the stock at a discount of more than 18% on the $ 328 price that investors paid around mid-February of this year.
The COVID-19 epidemic is a major threat to Apple's business, particularly the hardware business. However, Apple is a company that is ready to face the epidemic. The company ended 2019 with $ 99 billion in net cash. Apples can keep the lights on for a long time without begging for a bailout. The strong balance sheet is another reason investors continue to rally on Apple stock amid the epidemic.
The stock of Apple (NASDAQ: AAPL) increased 0.72% on Thursday and closed at $ 267.99. The stock has gained 11% this week compared to a decline of 2.56% the previous week. The stock rose more than 5.0% in April, compared to a decline of about 7.0% in March.
Recently, investors have shown renewed interest in Apple stock. Expectations are that the company will launch a new low-priced iPhone as soon as next week. The COVID-19 epidemic has largely affected job losses and household income. A budget iPhone may be perfect for this market situation. In fact, Apple has considered delaying its 2020 flagship iPhone, which would be a 5G device. The company is concerned about the reduction in demand.
The iPhone business is Apple's main revenue source. A cheaper iPhone COVID-19 can generate good sales among battered markets. Apple stock has risen 155% since launching the first cheap iPhone SE in 2016 for $ 400.
Apple planned to reopen its retail stores, which aroused renewed interest in investors' shares. To curb the spread of COVID-19, Apple closed all its stores outside China and some other Asian countries last month. However, the company plans to reopen the stores this month, which will help increase its sales pressure.
At the time of closing on Thursday, Apple's stock rose 57.4% from its 52-week low. At this point, investors can still scan the stock at a discount of more than 18% on the $ 328 price that investors paid around mid-February of this year.
The COVID-19 epidemic is a major threat to Apple's business, particularly the hardware business. However, Apple is a company that is ready to face the epidemic. The company ended 2019 with $ 99 billion in net cash. Apples can keep the lights on for a long time without begging for a bailout. The strong balance sheet is another reason investors continue to rally on Apple stock amid the epidemic.
