Apple Technology Business | THE ANGELUCCI BUSINESS TIMES
Is Now the Right Time To Invest in Apple Stock?
Apple Vision Pro launches, new iPhone 16 coming out, and iPad models coming out. It might be a good time to invest in Apple stock in 2024.
Many investors are wondering whether 2024 will be a good year to invest in Apple stock or not. There are many factors that will influence Apple’s stock to rise in value or decrease, but overall, there’s a high chance that Apple will do well in 2024.
On February 2nd, Apple released their new product called Apple Vision Pro, a spatial computing headset.
Apple also plans to release the iPhone 16 lineup, which is rumored to have larger screen sizes. The iPhone 16 Pro Max is rumored to have a 6.9-inch display, while the iPhone 16 Pro will have a 6.3-inch display. These new sizes are 0.2 inches larger than the iPhone 15 models. The screen on the iPhone 16 Pro Max is 0.1 inch larger than the screen on the Samsung S24 Ultra, which has a 6.8 inch display, which may sway customers who want the biggest phone screen.
Lastly, somewhere around the end of March, Apple plans to release the updated versions of the iPad Pro, iPad Air, iPad, and iPad Mini. Many customers are already waiting just to get a new iPad, so there’s high demand for this new release, which likely means that Apple will continue making good profits and the stock will remain stable or increase in price by the end of the year.
On February 5th, Apple stock remained at $187.68 by the time that the stock market closed. Compared to how it has been doing in the past three months, Apple stock is at a decent price to buy before it rises later on because of the releases of the iPhones and iPads and the rapid growth in sales of the Apple Vision Pro.
Apple continues to remain a very profitable company, and there’s nothing currently that shows the company going away any time soon.
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