Why nobody on Wall Street really cares that Apple is reportedly delaying new iPhone releases [Yahoo! Finance News]
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Source: Yahoo! Finance News
If you’re Apple AAPLShares of the tech behemoth barely budged on Monday followinga story in the Wall Street JournalThe company is reportedly working on four new iPhones for release this year, some with 5G capability.Two Apple spokesmen didn’t return ’s request for comment on the WSJ report.At first blush, one would think news of a delay of any kind for fresh iPhones would be negative to Apple’s stock price. Not necessarily for a few reasons, strategists say.First, a delay in the production ramp has been discussed at length on Wall Street and factored into a good chunk of profit estimates on Apple and the stock. Apple shares are down about 4% year-to-date, lagging the gains in other Big Cap tech stocks such as Microsoft +10%), Amazon +30%) and Netflix +30%).“This is right in line with our and many Street expectations with 5G slated to hit in late November/early December pre holidays,” says Wedbush tech analyst Dan Ives.More important is that Apple is still — apparently — planning to ha
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- Your Holiday Survival Guide to Finding a Dead or Stolen iPhone [CNET News]CNET News
- Apple Inc. (AAPL): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Apple Loop: iPhone 17 Pro Display Issues, Apple's Satellite Upgrades, Four New MacBook Pro Models [Forbes]Forbes
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