Apple is on the cusp of monster iPhone sales, and their stock price reflects it. With the announcement of the iPhone 13, investors have been bullish on the tech giant, driving its stock price up nearly 30% in the past year. And with good reason.
The iPhone 13 is expected to be a huge hit among consumers. The device features a host of new features, including a faster A15 chip, improved camera system, higher refresh rate display, and more. Plus, with more people upgrading from older devices due to the pandemic, demand for the iPhone 13 is likely to be very strong.
In fact, analysts are predicting that Apple could sell as many as 240 million iPhones this year, up from 200 million in 2020. This would be a record-breaking year for the iPhone, and would likely translate into significant revenue and profit for Apple.
Of course, the iPhone isn’t the only thing driving Apple’s stock price. The company has a host of other products and services that are doing well, including the Apple Watch, AirPods, and its growing services business. But the iPhone is undoubtedly a major driver of Apple’s financial success and stock price.
Investors are also excited about Apple’s growing presence in the healthcare sector. With the introduction of the Apple Watch Series 6, the company has been pushing further into health and wellness. The device features a blood oxygen sensor, an ECG app, and a host of other health monitoring tools. Apple’s Healthcare strategy is to lead to a whole ecosystem of apps, services, and devices that can help people live healthier lives.
Overall, Apple is firing on all cylinders, and investors are taking note. The company’s stock price is up nearly 30% in the past year, making it one of the most valuable companies in the world. With the iPhone 13 expected to be a breakout hit, there’s no telling how high Apple’s stock price could go. One thing’s for sure: if you’re an investor, you’ll want to keep watching this tech powerhouse closely.