Apple Shares Have Historically Risen Prior to Debut of New iPhone [Chart]
Posted April 19, 2012 at 2:53pm by iClarified
Historically, Apple shares have risen significantly in the six months prior to a new iPhone's debut, according to Barclays analyst Ben Reitzes.
"Our research indicates that Apple's shares appreciate 31 percent in the 6 months ahead of every major new iPhone ship date," says Reitzes. "We believe this phenomenon occurs given datapoints from the supply chain start to indicate a significant acceleration in iPhone sales after each launch. Since we believe that [the] iPhone 5 cycle will be particularly special - and start in the September timeframe - it is not time to give up on Apple's stock right now."
Check out the chart below...
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"Our research indicates that Apple's shares appreciate 31 percent in the 6 months ahead of every major new iPhone ship date," says Reitzes. "We believe this phenomenon occurs given datapoints from the supply chain start to indicate a significant acceleration in iPhone sales after each launch. Since we believe that [the] iPhone 5 cycle will be particularly special - and start in the September timeframe - it is not time to give up on Apple's stock right now."
Check out the chart below...
Read More