Apple Shares Are Trading Lower Today: What You Need To Know
Portfolio Pulse from Vaishali Prayag
Apple shares are down as the company prepares for its annual iPhone event, where it will launch the iPhone 16 series and discontinue older models. Additionally, Apple's supply chain is impacted by Taiwan Semiconductor Manufacturing Co.'s efforts to localize neon gas production.
September 03, 2024 | 7:33 pm
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NEGATIVE IMPACT
Apple shares are down 2.93% as the company prepares to launch the iPhone 16 series and discontinue older models. The event is expected to showcase new AI features and larger screens.
The decline in Apple shares is likely due to investor anticipation of the upcoming iPhone event, where older models will be discontinued. This aligns with Apple's strategy to phase out older products, which can create short-term uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TSMC, a key supplier for Apple, is working to localize neon gas production by 2025 to secure a stable supply for chip manufacturing, crucial for Apple's future products.
TSMC's efforts to localize neon gas production are crucial for maintaining a stable supply chain for Apple, especially as demand for advanced chips grows. This move is positive for TSMC's role in Apple's supply chain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50