Can New Products Send Apple Stock Higher?
T = Trends for a Stock’s Movement
Apple designs, manufactures, and markets mobile communication and media devices, personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, third-party digital content, and applications. The company’s products and services include the iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and further accessory, service, and support offerings. Apple also delivers digital content and applications through its iTunes, App, iBook, and Mac App stores.
Apple released its new lineup of iPhones on Tuesday, including a cheaper, more basic version of the iPhone called the iPhone 5C to target emerging markets. Apple said the new phones would be available in China on September 20. Apple has received a license from Chinese regulators for its iPhones to operate on China Mobile’s (NYSE:CHL) 3G and 4G networks, according to the Wall Street Journal. China Mobile is China’s largest carrier, with 700 million subscribers, representing a huge untapped market for Apple.