Apple ‘s WWDC week is over and (AAPL) – Download Apple Inc. (AAPL) report the stock performed solidly, trading 1% higher and ended the session on Friday at $ 127. Shares of the Cupertino-based company strengthened as they continued to climb to all-time highs of $ 143.
See the chart below:
3 key conclusions of WWDC 2021
On Monday, June 7, Apple kicked off WWDC 2021, while CEO Tim Cook took the stage in a nearly two-hour main presentation. As usual, Apple Maven covered the main address in real time via a live blog.
Apple Maven below summarized three key conclusions from the events that Apple stakeholders should keep in mind.
- Expectations below market
- It’s about the ecosystem
- Privacy is key
Read more: Apple shares: 3 key solutions to download from WWDC 2021
What Wall Street says about Apple’s WWDC
Here is an example of how consensus can be far from the goal. Nearly every Wall Street analyst expected Apple to introduce at least one hardware update during the WWDC: either a new set of MacBook Pro laptops, at best, or simply details about the next-generation M1 chips. But none of that happened.
Below are some key conclusions offered by Wall Street analysts during WWDC week, along with Apple Maven’s own opinion on their insights and implications on stocks.
Read more: What Wall Street says as the WWDC reveals itself
Data privacy has been on Apple’s agenda for some time. In 2010, when the topic did not appear on the covers as often as it does today, the legendary founder Steve Jobs made his position on this topic clear:
“Privacy means that people know what they are applying for, in simple language, over and over again.”
Apple Car: The bull driver for the AAPL is in preparation
The rumor mill is stirring again. According to Reuters, Apple could be on the verge of reaching an agreement on the production of batteries that would equip the long-awaited Apple car. Potential suppliers would reportedly be Chinese manufacturers CATL and BYD.
With each leak of information about Apple’s car, it is becoming increasingly likely that the Cupertino-based company will eventually enter the automotive space. Markets like it: note below how Apple’s stock price jumped in early trading, on June 8, which is most likely a reaction to a Reuters report.
Read more: Apple Car: A bull driver for Apple stocks is in preparation
(Disclaimer: This is not investment advice. The author may have one or more shares listed in this report. The article may also contain affiliate links. These partnerships do not affect editorial content. Thanks to Apple Maven for support)
Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.