By
Godfrey Benjamin
March 22nd, 2024
Apple shares started this year at a $300 mark and went up. In February, Apple (AAPL) stock saw an all-time high closing price of $327.20. But in March, sales of iPhones dropped as much as 56%, reaching the lowest mark of $224.37 on March 23.
As Apple Inc (NASDAQ: AAPL) is preparing to introduce its new iPhone SE and 6.7-inch iPhone 12 Pro Max, there are numerous rumors about the specs of the devices and the launch date. As a result of those speculations, Apple stock is unstable, going both ends within the same week. On Wednesday, it tanked by 1.16% to close at $259.43. On April 9, Apple stock rose by 0.72% to end the session at $267.99. In pre-market today, it is 0.81% down again, trading at $265.83 at the moment of writing.
Apple was one of the first companies to warn about the negative impact of coronavirus on its business. Apple (AAPL) shares started this year at a $300 mark and went up. In February, Apple stock saw an all-time high closing price of $327.20. But in March, sales of iPhones dropped as much as 56% compared with a year earlier. Therefore, Apple (APPL) stock significantly fell. It reached the lowest mark on March 23, when it closed at $224.37.
As the company is approaching the launch of new iPhone models, its stock is rising this month.
iPhone SE 2020 to Launch This Month
As early as this month, Apple is going to introduce its iPhone SE 2020, or iPhone 9 model. As rumors indicate, its design will be similar to the iPhone 8. The color options will include white, black, and red. Notably, the model will be low-cost, with an estimated price of $399.
it is speculated that iPhone SE 2020 will launch during mid-April. As analyst Jeff Pu has stated, the likely launch date is April 15, which means that this week we will evaluate the new model.
Okay, bois!
We’re going into calendar week 16! The week I reported for the iPhone SE to launch!
Most likely date being
– Wednesday, April 15thBut! The possible wild card, to throw off OnePlus
– Tuesday, April 14thHappy iPhone week!
*unless I’m wrong, too 🙃 pic.twitter.com/7jOo1HFYti
— not jon prosser (@jon_prosser) April 12, 2020
6.7-Inch iPhone 12 Pro Max to Be Available in October
According to Jeff Pu and Chinese research firm GF securities, the 6.7-inch model of iPhone 12 Pro Max will be rolled out in mid-October. Being slightly taller than the iPhone 11 Pro Max, it will offer an excellent triple-camera camera system with a bigger sensor. Running on iOS v13.0 operating system, it will be powered by the Hexa Core processor.
6.7-inch iPhone is one of the four iPhone 12 models. Jeff Pu believes that the other three variants will come in September. In 2018, Apple had a similar two-phase rollout, when the iPhone XS and iPhone XS Max were released in September and the iPhone XR appeared in October.
The delay of the 6.7-inch iPhone launch results from the current pandemic that has affected the company’s business. In particular, the present travel restrictions and cargo flight delays have affected the ‘Engineering Verification Test’ stage of the manufacturing process. Hopefully, there will be no other delays in Apple’s production.