Apple is going to unveil the very highly anticipated iPhone 6 on September 9. There are also unconfirmed reports that the same event may witness a lot of other product launches including the iWatch.
iWatch or not, stock market analysts and some websites are predicting a 6 to 8 percent in increase of Apple (AAPL) share market price. Some has even went on to predict that such developments may happen in less than a week. Thus many investors are trying to get a piece of Apple stocks.
However we advise our readers to be careful instead of jumping on the pile of Apple stocks. Apple is facing tough competition from its competitors like Samsung. Last Wednesday Apple witnessed a 4% drop in its stock price. It happened because Samsung has unveiled their best smartphone, the Note 4 which is filled with very high features.
Apple is known to focus more on material quality than just filling the smartphone with loads of features. Although Apple is the one which has introduced the features like finger print scanner before any other smartphone maker, consumers are leaning more towards the Android features. Especially from the likes of Galaxy S and Note series phones.
We would also like to mention that last week Apple stocks price has reached an all time high ($103.74). And we do not think unless something major happens or if the Apple’s next products manages to impress the Android fan boys, they may not cross the recently achieved $103.74 mark.
Also the recent allegations that the celebrities private photo leaks happened as a result of iCloud hack is also not indicating that luck is in favor of Apple.
Although the stock market recent activity suggests a bullishness because of very high expectation from the Apple’s highly anticipated next generation iPhone and other products, the alarming concern is it is setting very standard for the Apple just based on rumors. And if Apple do not succeed to meet the standards expected from them then the stock market may definitely take a hit.
AAPL is currently trading at $98.97. The company’s current value is set at $592 billion. The stock is up 24% this year.