Apple's Week In Review: From Termining Self-Driving Car Permit To Setting iPhone Sales Records
Portfolio Pulse from Benzinga Neuro
Apple Inc. (NASDAQ:AAPL) had a significant week, marked by the termination of its self-driving car project, a secret partnership with BYD for EV batteries, record-breaking iPhone sales, and inventory shortages hinting at new product launches.
October 20, 2024 | 11:00 am
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Apple terminated its self-driving car project, revealed a secret partnership with BYD for EV batteries, set a new iPhone sales record, and is experiencing inventory shortages, possibly indicating new product launches.
The termination of the self-driving car project may reduce speculative pressure on Apple's stock, while the secret partnership with BYD and record iPhone sales are positive indicators. Inventory shortages suggest potential new product launches, which could drive stock prices up.
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