Breaking News
Investing Pro 0
Black Friday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

Apple To Rise On iPhone Release

By Trade12Stock MarketsMar 29, 2017 03:01PM ET
Apple To Rise On iPhone Release
By Trade12   |  Mar 29, 2017 03:01PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

Apple Releases Red IPhone, Shares To Rise

Shares of Apple (NASDAQ:AAPL) are now projected to hit $200 in the coming weeks in anticipation of the iPhone 8 launch and the recently released red iPhone 7 and 7 Plus. It recently surpassed a previous record where the company’s market capitalization hit $700 billion last February and now stands at a market cap of $755 billion.

Apple Introduces Special RED iPhone

Last week, Apple announced that the company would be releasing an iPhone 7 and iPhone 7 Plus RED Special Edition, which will commemorate the company’s ten-year partnership with RED.

For every sale of the vibrant red aluminum finish iPhone version, Apple would be donating an unspecified amount to the Global Fund that helps combat AIDS all over the world. The special edition iPhone was made available for pre-order last Friday and is now set to roll out in stores worldwide this week.

According to Apple CEO Tim Cook, the company’s partnership with RED, which started 10 years ago, first started to make an impact through the release of the original iPod nano Red Special Edition. “The introduction of this special edition iPhone in a gorgeous red finish is our biggest (PRODUCT) RED offering to date in celebration of our partnership with (RED), and we can’t wait to get it into customers’ hands.” Cook added.

Apple is currently the world’s largest corporate donor to the RED Global Fund, which has contributed more than $130 million throughout the entirety of their partnership. The organization currently focuses on providing life-saving ARV medication in Africa, which helps stop HIV-positive mothers from transferring the virus to their unborn babies.

The iPhone 7 and 7 Plus, which is currently Apple’s top of the line and most advanced iPhones to date, has been received positively by the public following its release and has been commended for its advanced camera systems that allows the user to take high definition photos under harsh or low light conditions.

Stock Movement

On Tuesday, Apple’s stock price hit a new high at $143.80 up by 2.07% from the previous session climbing up from $115.82. Tuesday’s record was also 1.7% higher than the March 20 record of $141.46 and is recorded to be the fifth record close this March and 11th this year. Analysts have forecasted that Apple shares are now set to rise by 40% over the year or the next two years should the next iPhone drive growth as much as the iPhone 7 did. Analysts also stated that the stock is not set to hit $175 before the year ends, which is 21% higher than the current level.

Apple shares have exploded since the company reported better-than-expected earnings results after the close last January 31 where shares have risen 19% since then. Aside from the iPhone, Apple’s other products such as the Apple Watch and the Air Pods is projected to drive strong growth by 20% next year, while its services business including the AppStore and Apple Music, has driven a high revenue for the company during the past quarter.

Apple To Rise On iPhone Release

Related Articles

Apple To Rise On iPhone Release

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email