Apple Shares Rise 5G-Ready iPhone 12 Release Rumors – The tech giant is reportedly on track to release its newest iPhones later this year, the first range of handsets for the brand to incorporate 5G technology. Investors and day traders already speculate how the release of the company’s core product will affect the stock market, with many expecting the value of Apple’s shares to rise in anticipation of this much-awaited announcement.
Apple Shares Rise 5G-Ready iPhone 12 Release Rumors
Apple is on track to release its newest iPhones later this year. This will be the first range of handsets for the brand to incorporate 5G technology. Many believe it will help drive the value of the company’s stocks up. Apple has already been investors’ favorite this week, and further news may pump up the value even more. Where’s the limit?
Investors and day traders already speculate how the release of the company’s core product will affect the stock market. The long-awaited announcement of the iPhone 12 is planned for a week starting on October 12, 2020.
Apple Overcomes Delay to Release iPhone 5G On Schedule
There were concerns that the latest iPhone release would be delayed until 2021. The pandemic forced the assembly warehouses in China and the product design offices in California to shut down. However, in July, the Nikkei Asian Review reported that Apple attempted to speed up production to make up for this, enabling the company to stay on track with its regular September release. The report cites unnamed sources claiming that the tech giant will reveal four different phone models available in three different sizes.
Analysts believe that information regarding an on-track release for 5G technology will only improve Apple’s value leading up to the phone’s eventual launch. 5G technology represents faster internet speeds and bandwidth capabilities that can handle increased usage. This step into the future allows Apple to remain relevant and valuable for years to come.
Apple Achieves Record–Setting Valuation of $2 Trillion
This will not be the first phone on the market to offer 5G capabilities – some competitors, such as Samsung and Huawei, have already released their technology version. But the fact that Apple is already a more significant brand (despite selling fewer handsets than either Samsung or Huawei) suggests will still be a big event for the company.
Apple is the first publicly-traded American country to reach a valuation of $2 trillion, a milestone passed on Wednesday, 19 August. This feat was not the first record for Apple, which was also the first American company to surpass the $1 trillion market cap in August 2018. It is believed that the sustained growth that the company experienced comes from its ability to be seen as a software company, not just a hardware creator.
Expected Company Growth More Long Term
Despite the good news, Apple stocks fell by 0.82% on Tuesday, likely due to the upcoming 4-1 split. Every Apple stock investor own will receive three more in a move designed to keep shares affordable. This may suggest that the company’s predicted growth may be slightly more long-term than immediate.
The COVID-19 pandemic has resulted in many national lockdowns across the globe, which saw a surge in technology-based services. More people are working or learning remotely, and online shopping platforms such as Amazon have become more popular, replacing the need to shop in physical retail stores.
Apple is not the only company to benefit from these conditions. Facebook, Amazon, Alphabet (Google’s parent company), and Microsoft all saw a rise in their stock value on Tuesday. All companies have charted significant growth this year as more and more people require technology to maintain.