Pre Market Price of Apple (AAPL) Stock
There is a great deal of hype surrounding the release of Apple's iPhone 5s and iPhone 5c, and the market will be watching closely to see if the company's stock price will jump or fall. A pre-market price is an estimate of the stock's price at the beginning of a stock trading day.
The company is headquartered in Cupertino, California, and employs about 200,000 people. Whether or not the market will see a positive or negative reaction to the new iPhones depends on several factors, including the economic climate, the level of consumer confidence, and whether the iPhone's competitors will be able to gain market share.
Impact on the market
There are a variety of factors that are impacting the market. However, the pre-market price of the Apple (AAPL) stock was not one of them. This is a huge surprise to many investors. After all, it is a company that has been experiencing some difficulties in the past.
Those difficulties include supply chain issues, high interest rates, and high inflation. The company also shifted its strategy from selling a cheaper phone to launching a high-end iPhone X. During the announcement of the iPhone X, the share price of the stock fluctuated. Its share price recovered before launch day.
As a result, short-term traders may have bought into the company before the announcement. But there are plenty of reasons why the market doesn't like Apple right now. Among them are rising interest rates, inflation, and household finances tightening. These factors have led companies that rely on consumer spending to be hurt.
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