Will Apple Stock See a Boost from Planned Events?
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 announced what everyone was expecting. It will unveil its new iPhone models at an event on Tuesday. Cantor Fitzgerald has a buy rating on the stock and a price target of $777. Cantor said the stock is on its way to a recovery after a challenging year. In a note seen by MarketWatch, the firm said Apple is “on the verge of an extended product cycle that we believe will include a refresh of existing products, increased penetrating with existing device categories, and entirely new market opportunities.”