Is Apple Stock a Buy Right Now? This Is What You Need to Know [Yahoo! Finance News]
Apple Inc. (AAPL)
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Source: Yahoo! Finance News
Is now the right time to unleash a new product? Whether it is or not, according to one analyst, Apple AAPLWedbush analystDaniel Ives“While launching a mid-cycle budget/entry-level smartphone into the backdrop of a consumer global lockdown and unprecedented pandemic will be a head scratcher to some, we note that Apple is viewing this as a low volume, low touch release with little fanfare as the phones are already ready to ship,” Ives said.Ives believes that taking into consideration the “underlying demand and the prior SE cycle,” dispatching between 20 and 25 million of the new models in the first six to nine months of the cycle, is a “realistic target.”Taking a step back, in the broader scheme of Apple’s plans for 2020, the launch was always meant to be a relatively low-key affair. Apple’s big launch this year is for the much-anticipated iPhone 12, its first model boasting 5G capabilities. The release is set for September, but Ives has questioned whether the planned launch will go ahe
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