Apple AAPL was on a tear in November, with a return of round 10% (as of Nov 28) (versus 3.9% positi
Apple AAPL was on a tear in November, with a return of round 10% (as of Nov 28) (versus 3.9% positive aspects within the S&P 500 and 5.2% of the Nasdaq). Anticipations for stable vacation season gross sales drove this robust momentum. Respectable development prospects, and spectacular product launches have been driving the inventory this 12 months regardless of the ebb and movement of commerce tensions.
Buoying this optimism, on Nov 20, President Trump stated that he’s mulling over the exemption of the U.S. tariffs on imports of China-made Apple products from China. Apple chief Tim Cook dinner has reportedly sought reduction for China-made Apple Watches, iPhone elements and different shopper merchandise from U.S. tariffs. Since Apple depends on China to get most of its iPhones manufactured, tariff information bodes effectively for this tech behemoth (learn: Are Apple ETFs in for Trump Trade Ahead?).
Demand for AirPods Surging
A survey carried out by Piper Jaffray reveals that Apple is the ‘top-listed consumer brand for teens’ this vacation season. Apple Watch gadgets and AirPods are more likely to serve as great holiday gifts. In any case, Apple wearables have been seeing stable development.
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