Can Apple Weather This Storm?
Portfolio Pulse from Thrash Capital
Apple's stock is currently in a rough patch, with September typically being a challenging month for the company. However, pre-orders for the iPhone 15 are up 10 to 12 percent from the iPhone 14, which is positive news for suppliers like Qualcomm and Broadcom. Apple faces competition from Huawei, whose new smartphones reportedly have faster download speeds. The future of Apple's stock depends on whether it can maintain its current level or if it will fall further.
September 25, 2023 | 3:24 pm
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POSITIVE IMPACT
Qualcomm, as a supplier for Apple, stands to benefit from the increased pre-orders for the iPhone 15.
As a supplier for Apple, Qualcomm stands to benefit from the increased pre-orders for the iPhone 15. This could positively impact the company's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Apple's stock is facing a challenging period, but increased pre-orders for the iPhone 15 could provide a boost. Competition from Huawei is a concern.
Apple's stock typically struggles in September, but increased pre-orders for the iPhone 15 could provide a boost. However, competition from Huawei could negatively impact the company's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100