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Apple (AAPL) Stock Still Investors’ Favourite Amid Newest iPad Products

UTC by Andy Watson · 3 min read
Apple (AAPL) Stock Still Investors’ Favourite Amid Newest iPad Products
Photo: Apple

The newest iPad products launch make some positive outlook for investors because they provide useful features for professionals and even beginners giving positive impact on Apple (AAPL) Stock.

United States-based Tech Titan Company with 886.57 Billion Market Cap, Apple (NYSE: AAPL) introduced their newest iPad products, 10.5-inch iPad Air and 7.9-inch iPad mini with Pencil support, according to Apple Official Press Release on March 18.

The launch of these new iPads products comes before Apple’s media event next Monday in Cupertino, California, where the company is expected to unveil a series of their new subscription services.

Both models have been introduced to parity with the iPhone XS and the iPad Pro with Apple’s A12 Bionic processor, which is as much as three times faster than its previous versions.

Those willing to purchase the latest iPads will have to choose between 64GB and 256GB storage versions with optional 4G connectivity. The iPad Mini and iPad Air start at £399 and £479 respectively. Apple admirers can order the new iPads starting from yesterday, March 18, and find them in stores as soon as next week.

Apple senior vice president of worldwide marketing, Phil Schiller, said:

“Today [March 18] the iPad family takes two big leaps forward with an all-new 10.5-inch iPad Air that brings high-end size, features and performance at a breakthrough price, and a major upgrade to the 7.9-inch iPad mini, which also brings Apple Pencil, Retina display and the A12 Bionic chip to the many customers that love its compact size.”

Correlation Between the New iPads and Apple Stocks

On March 18, a few minutes after the market opened, price moved with high buy pressure and in the first 15 minutes rose 0.61% (from opening price- 185.92). It means some buy orders already booked because these new iPads launch which makes some investors have a positive outlook of the company’s fundamentals in the next financial statements (based on sales result in Quartal).

But, in the next hours until close market, the market began to lose its buying momentum, probably investors are still hesitant to enter more because of the need to wait this new iPads sales result and after-sales user experiences.

Apple now has a compelling and properly segmented iPad lineup that stands a good chance of helping this tech company to maintain its recent iPad business momentum.

While many other companies seem to have largely given up on the tablet market, Apple seems to have increased its investments in their tablet product, iPad.

It’s clear that the company’s long-term ambitions for the iPad product category are for it to stay relevant and deliver (a hope for) consistent revenue and profit growth in the coming years.

Results of Apple Heart Study

Recently, Stanford Medicine reported results of the Apple Heart Study, the largest study ever of its kind, which enrolled over 400,000 participants from all 50 states in a span of only eight months.

Apple and Stanford created the study to evaluate Apple Watch’s irregular rhythm notification, which occasionally checks the heart’s rhythm in the background and sends a notification if an irregular heart rhythm appears to be suggestive of atrial fibrillation (AFib).

As part of the study, if an irregular heart rhythm was identified, participants received a notification on their Apple Watch and iPhone, a telehealth consultation with a doctor and an electrocardiogram (ECG) patch for additional monitoring.

Market News, News, Stocks
Andy Watson
Author Andy Watson

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