Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

(AAPL)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Why the Party Could Be Winding Down for Apple's Shares

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/10/2019 | 04:38pm EDT

By Corrie Driebusch

As consumers celebrate the unveiling of Apple Inc.'s new iPhone 11, investors best beware.

The tech giant's stock tends to rise an average of 4.6% in the month leading up to announcing a new phone, only to fall an average of 0.7% in the month following the reveal, according to Dow Jones Market Data.

The last two launches followed this pattern. In the month leading up to the release of the iPhone XS, XS Max and iPhone XR, Apple shares climbed 7.9%, only to fall 0.8% in the following month, Dow Jones Market Data show. For the iPhone 8, 8 Plus and iPhone X, shares rose 2.6% leading up to the announcement, only to fall 3.4% in the month following.

Apple shares climbed 1.2% to $216.70 Tuesday -- their biggest gain during an iPhone special event since the unveiling of iPhone 5 in September 2012.

The stock rose 6.6% in the month ahead of the debut, more than the S&P 500's 2.1% gain in that same period.

Part of that rise is directly related to the new iPhone launch .

According to a note from Wedbush analyst Daniel Ives, roughly one-third of the company's 900 million active iPhones globally are in a "window of an upgrade opportunity," which could mean big sales are ahead for Apple in what Mr. Ives calls a "crucial product cycle." Wedbush estimates that translates into roughly 180 million iPhone units that could be sold in 2020.

That doesn't necessarily mean smooth sailing for Apple. The stock has had a strong run in 2019, rising 37%, but plenty of threats loom. For one, the potential for U.S. and China tariffs ratcheting higher could dent Apple profits, as the company assembles most of its products, including the iPhone, in China.

Still, Wedbush's Mr. Ives said in his note that he is optimistic. "Overall, we view this week's launch as putting fuel in Apple's growth tank which is much needed as Cupertino [Apple headquarters] navigates mature secular smartphone headwinds, which are being exacerbated by the US/China high stakes tariff poker game," the note said.

Write to Corrie Driebusch at corrie.driebusch@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
APPLE -1.46% 217.73 Delayed Quote.38.03%
DJ INDUSTRIAL -0.59% 26935.07 Delayed Quote.16.15%
NASDAQ 100 -0.99% 7823.553294 Delayed Quote.24.63%
NASDAQ COMP. -0.80% 8117.674437 Delayed Quote.23.37%
S&P 500 -0.49% 2992.07 Delayed Quote.19.36%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE
09:42pU.S. trade regulators approve some Apple tariff exemptions amid broader repri..
RE
05:59pAPPLE : Coldest reception yet for a new iPhone in its San Francisco home
AQ
05:26pAPPLE : U.S. Grants Apple 10 Exemptions from Tariffs on Chinese Imports--Update
DJ
05:18pCommunications Services Down On Trade-Talks Fear - Communications Services Ro..
DJ
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:15pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:11pEXCLUSIVE : Fitbit considers whether it should explore a sale - sources
RE
04:51pAPPLE : U.S. Grants Apple 10 Exemptions from Tariffs on Chinese Imports
DJ
04:34pMARKET SNAPSHOT: Stocks End Lower After U.S-China Trade Concerns Rattle Marke..
DJ
04:24pWall Street drops after China cancels trip to Montana farmland
RE
More news
Financials (USD)
Sales 2019 259 B
EBIT 2019 63 307 M
Net income 2019 54 122 M
Finance 2019 102 B
Yield 2019 1,38%
P/E ratio 2019 18,7x
P/E ratio 2020 17,1x
EV / Sales2019 3,41x
EV / Sales2020 3,32x
Capitalization 984 B
Chart APPLE
Duration : Period :
Apple Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 221,98  $
Last Close Price 217,73  $
Spread / Highest target 24,0%
Spread / Average Target 1,95%
Spread / Lowest Target -31,1%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE38.03%998 558
SAMSUNG ELECTRONICS CO LTD--.--%273 912
XIAOMI CORP--.--%27 997
WINGTECH TECHNOLOGY CO LTD264.88%6 924
MERRY ELECTRONICS CO LTD--.--%989
MEITU INC--.--%987