All Eyes on Apple’s Upcoming “Hi, Speed” Event, , on October 7, 2020 at 11:48 pm

By
On October 7, 2020
Tags:

On Tuesday, Apple (AAPL) sent out invitations for an October 13 event named “Hi, Speed,” keeping the happening’s content under wraps. However, it is not hard to deduce from its name that Apple is alluding to the performance expected from its flagship product – the next gen iPhone 12, Apple’s first handset to boast 5G capabilities –  and will therefore announce the product’s launch at the event.Reading between the lines, Deutsche Bank analyst Jeriel Ong arrives at the same conclusion. Although the analyst adds it “remains somewhat speculative when exactly iPhones will be available for sale after this event,” going by past announcements Ong assumes “a 10-day rule is appropriate.” This suggests the coveted product could hit the shelves on the weekend of 10/23-10/25 which will provide roughly 10 weeks of iPhone sales for the December quarter.The tech giant usually reserves its new iPhone launch for September, however, due to the pandemic’s disruption of supply chains, this year’s event has been pushed back.Apple has announced earnings for October 29, which brings up an interesting point, Ong notes. In contrast to the typical 5-6 weeks of new iPhone sales data Apple usually has at its disposal to provide a quarterly guidance, they may only have a week of new iPhone sales data to base forward estimates on.“Since the pandemic began, AAPL has elected not to provide guidance, and we wonder whether they will continue to omit quarterly guidance as a result of the delayed iPhone launch and the subsequent lack of visibility they have in forecasting,” Ong further added.By now, investors and the wider tech community know more or less what to expect from the launch; Two “iPhone 12” and two “iPhone 12 Pro” models, should be unveiled. Ong expects screen sizes will include a 5.4″ model, claiming the smaller offering “could be popular given AAPL’s propensity to gravitate towards higher screen sizes in recent years and eschew smaller form factors.”Overall, Ong sticks to his Buy rating on AAPL alongside a $140 price target. Investors could be pocketing a 24% gain should Ong’s thesis play out in the year ahead. (To watch Ong’s track record, click here)Most of Ong’s colleagues retain a bullish stance. Based on 24 Buys, 8 Holds and 3 Sells, the stock has a Moderate Buy consensus rating. However, going by the $122.06 average price target, the Street anticipates a modest upside of 6% from current levels. (See Apple stock analysis on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.,

All Eyes on Apple’s Upcoming “Hi, Speed” EventOn Tuesday, Apple (AAPL) sent out invitations for an October 13 event named “Hi, Speed,” keeping the happening’s content under wraps. However, it is not hard to deduce from its name that Apple is alluding to the performance expected from its flagship product – the next gen iPhone 12, Apple’s first handset to boast 5G capabilities –  and will therefore announce the product’s launch at the event.Reading between the lines, Deutsche Bank analyst Jeriel Ong arrives at the same conclusion. Although the analyst adds it “remains somewhat speculative when exactly iPhones will be available for sale after this event,” going by past announcements Ong assumes “a 10-day rule is appropriate.” This suggests the coveted product could hit the shelves on the weekend of 10/23-10/25 which will provide roughly 10 weeks of iPhone sales for the December quarter.The tech giant usually reserves its new iPhone launch for September, however, due to the pandemic’s disruption of supply chains, this year’s event has been pushed back.Apple has announced earnings for October 29, which brings up an interesting point, Ong notes. In contrast to the typical 5-6 weeks of new iPhone sales data Apple usually has at its disposal to provide a quarterly guidance, they may only have a week of new iPhone sales data to base forward estimates on.“Since the pandemic began, AAPL has elected not to provide guidance, and we wonder whether they will continue to omit quarterly guidance as a result of the delayed iPhone launch and the subsequent lack of visibility they have in forecasting,” Ong further added.By now, investors and the wider tech community know more or less what to expect from the launch; Two “iPhone 12” and two “iPhone 12 Pro” models, should be unveiled. Ong expects screen sizes will include a 5.4″ model, claiming the smaller offering “could be popular given AAPL’s propensity to gravitate towards higher screen sizes in recent years and eschew smaller form factors.”Overall, Ong sticks to his Buy rating on AAPL alongside a $140 price target. Investors could be pocketing a 24% gain should Ong’s thesis play out in the year ahead. (To watch Ong’s track record, click here)Most of Ong’s colleagues retain a bullish stance. Based on 24 Buys, 8 Holds and 3 Sells, the stock has a Moderate Buy consensus rating. However, going by the $122.06 average price target, the Street anticipates a modest upside of 6% from current levels. (See Apple stock analysis on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

,

Instant Quote

Enter the Stock Symbol.

Select the Exchange.

Select the Type of Security.

Please enter your First Name.

Please enter your Last Name.

Please enter your phone number.

Please enter your Email Address.

Please enter or select the Total Number of Shares you own.

Please enter or select the Desired Loan Amount you are seeking.

Please select the Loan Purpose.

Please select if you are an Officer/Director.

High West Capital Partners, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

High West Capital Partners, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with High West Capital Partners, LLC’s internal lending policies. High West Capital Partners, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

Please read the notice above and check the box below to continue.

Singapore

168 Robinson Road
#12-01 Capital Tower
Singapore 068912

New York

Coming Soon!

Dubai

Coming Soon!

Market Coverage