The "Time Flies" event title could be self-explanatory as of what products are going to be soon launched. Unlike the other years, when the focus was on the iPhones, this year, rumor has it that Apple will launch the Apple Watch Series 6, improved iPads, and many more, while the new-gen iPhone launch will be delayed
Main points of interest
Despite the pandemic, which affected many businesses all around the world, so far, for Apple, 2020 can be considered a fruitful year as it smashed through several milestones and records. From a market cap perspective, Apple is the first US company to reach $2 trillion. Since the beginning of the year, its shares had a return of nearly 60%.
Apple completed its fifth stock split. It is expected that the returns of this stock-split to be as strong as its previous ones: at least 36% in a year.
Expectations and forecasts
The company's market performance during and after a significant event showed us that we could expect vast volatility from it. In the past month, influential analysts have given their positive opinion about the company. From Canaccord Genuity to Bank of America, and JP Morgan, they kept raising the target stock price. From their perspective, the share price could reach a high of $150, while the lowest point is seen at $115.
Although you might not be a tech junkie or an Apple fan, you need to see what this event’s all about. Keep an eye on the market movements and take part in the action!
Check-out CAPEX.com, register, and read all about Apple by downloading our special report!
Sources: tipranks.com, marketwatch.com, markets.businessinsider.com