Munster Deciphers Apple's 'Wonderlust' Tagline For September Event — And Predicts A Bumper December Quarter
Portfolio Pulse from Shanthi Rexaline
Apple Inc. has sent out invites for its September 12 iPhone launch event, tagged 'Wonderlust'. Gene Munster, co-founder and Managing Partner at Deepwater Asset Management, interprets the tagline as a hint towards new products and improvements in existing ones. He predicts the launch of two watches, the Apple Watch Series 9 and a second-generation Ultra Watch. Munster also anticipates new material or finishes for the iPhone 15 Pro series and the Apple Watch Ultra. He expects the September launches to boost Apple's revenue growth from a 1% drop in the September quarter to a 5% increase in the December quarter.
August 30, 2023 | 6:36 am
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POSITIVE IMPACT
Apple's upcoming 'Wonderlust' event is expected to introduce new products and improvements, potentially driving a 5% increase in revenue growth in the December quarter.
The launch of new products and improvements in existing ones, as suggested by the 'Wonderlust' tagline, could attract more customers and increase sales, leading to a potential boost in Apple's revenue growth. This could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100