What's Going On With Apple Shares
Portfolio Pulse from Henry Khederian
Apple Inc's shares are trading higher amid overall market strength following a lighter-than-expected June inflation report. Lower inflation corresponds to reduced costs for inputs such as raw materials, components, and manufacturing expenses, which can help Apple control its production costs, enhance profit margins or potentially invest the savings in research and development or other growth initiatives. Lower inflation also helps preserve consumer purchasing power, potentially leading to increased demand for Apple's products.
July 12, 2023 | 3:07 pm
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Apple's shares are trading higher due to lower-than-expected June inflation. This could lead to reduced production costs and increased consumer demand for Apple's products.
Lower inflation can reduce costs for raw materials, components, and manufacturing expenses, which can help Apple control its production costs and enhance profit margins. It also helps preserve consumer purchasing power, potentially leading to increased demand for Apple's products. This is likely to have a positive impact on Apple's stock price in the short term.
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IMPORTANCE 80
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