What's Going On With Apple Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Apple Inc's stock is trading higher amid reports that it has urged suppliers to produce about 85 million units of the iPhone 15 in 2023, which is roughly in line with 2022. The company is considering raising the price for Pro models, which could increase overall revenue. Despite minor issues with new iPhone screens and a production challenge with CMOS image sensors, the company's market capitalization has reached $3 trillion. Apple's sales slid 2% in the most recent quarter, but its market share rose to 17% due to growth in demand for premium phones.
July 24, 2023 | 11:56 am
News sentiment analysis
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POSITIVE IMPACT
Apple's stock is trading higher due to its plans for iPhone 15 production in 2023 and potential price increase for Pro models. Despite a 2% slide in sales, its market share has increased.
The news about Apple's production plans for iPhone 15 and potential price increase for Pro models is positive for the company's stock. Despite a slight decline in sales, the company's market share has increased, indicating strong demand for its products.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hon Hai Precision Industry Co Ltd, also known as Foxconn, is one of the leading corporations that depend on the iPhone business to drive growth and margins.
As a key supplier for Apple's iPhone, Foxconn could benefit from Apple's production plans for iPhone 15.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Samsung Electronics Co, Ltd is one of the leading corporations that depend on the iPhone business to drive growth and margins.
As a key supplier for Apple's iPhone, Samsung could benefit from Apple's production plans for iPhone 15.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Company Ltd is one of the leading corporations that depend on the iPhone business to drive growth and margins.
As a key supplier for Apple's iPhone, TSMC could benefit from Apple's production plans for iPhone 15.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Xiaomi Corp suffered more than a 10% decline in phone sales, according to Counterpoint Research.
The news about Xiaomi's decline in phone sales is negative for the company's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50