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Apple: “California Streaming” is coming – Stock Analysis (The Shareholder) | Stocks of the day

Kulmbach (www.aktiencheck.de) – Apple stock analysis by “Der Aktionär”:

Benedikt Kaufmann from “Der Aktionär” takes a close look at the shares of the technology company Apple Inc. (ISIN: US0378331005, WKN: 865985, ticker symbol: APC, NASDAQ symbol: AAPL) in a current stock analysis.

On Tuesday is the Apple event called “California Streaming” and the experts would expect several new iPhone models to be presented. Technically, hardly anything is likely to change compared to its predecessor – but expectations are high.

New cameras, new filters and a little more computing power – really big technical innovations are not to be expected from the new iPhone. Rather, it is the high number of old iPhones that sparked the imagination on the market.

According to Gene Munster of Loop Ventures, there are around 420 million iPhones in circulation that are three years or older. Upgrades of these old phones alone should mean growth of 40 percent in fiscal year 2021, according to Munster.

In the next year, the Wall Street experts expect a growth of five percent and 260 million units. Due to the large pool of old iPhones, Loop Ventures rate Apple even more strongly and see good chances that the analysts’ expectations could be exceeded.

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