Why Apple’s stock rose on Monday

Apple (AAPL 4.01 percent) stock rose 4.1 percent higher on Monday. The stock rose 3.1 percent as of 12:57 pm ET. Many stories that are good news for Apple marketers are factors that drive higher shares. According to the Wall Street Journal, an article published over the weekend said that Apple is aiming to expand its production outside of China. Apple’s strong reliance on China to build its famous electronics has long been criticized, and many say it is the Achilles heel of the company. Among other things, the document addresses China’s “Zero-COVID” propaganda. Apple already has manufacturing facilities in Vietnam and India, which could see a large portion of Apple’s product divisions in the future. Alternative applications will undoubtedly benefit Apple.

A well-dressed person in the office looking at a smartphone. Well-known Apple analyst Ming-Chi Kuo suggests that technology giants plan to release a new version of its SmartPod speaker near the end of 2022. The company has reduced rivals in the smart speaker market, but could eventually gain a market share. if you are able to crack the code regarding utility, design, and pricing space. Previous rumors suggest that Apple is working on devices with screens and cameras, although these reports are, however, unconfirmed.

Finally, UBS analyst David Vogt reports that a recent survey of 7,000 smartphone users suggests that demand for the iPhone is rising in China, with purchasing power at 6% year over year, marking the highest level in six years , according to UBS Lab Evidence. The iPhone 13 is receiving a share from Kannada smartphone manufacturers. The report mixed, however, as purchasing power in the US fell 4%. Calculated by the total return of all stock transactions since the commencement of the Treasurer Consultation activity in February 2002. Returns as of 05/24/2022.

Discounted offers are available for new members only. The average cost of a Treasurer Advisor is $ 199 per year. Apple’s stock has fallen 22% so far this year, driven by a bearish market, inflation, and a sharp recession. These fears stand in sharp contrast to the company’s quarterly earnings results, as Apple released revenue for the quarter ended March 26. all-time from its services and quarterly revenue streams for iPhones, Macs, and wearables, home, and component accessories.

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