The world’s most valuable public company is preparing for its most important day of the year…
Tomorrow, September 12th, Apple (AAPL) is set to conduct its annual iPhone event, where upcoming products will be revealed to the public.
Not only is the anticipation of the conference subject to grow, but company shares are expected to as well.
If you’re interested in getting in on these profits, then I encourage you to read further.
Perhaps you’re wondering why there’s so much hype leading up to this event, but I don’t blame your curiosity.
After all, Apple does consider the date of this event to be the most significant day of the year in terms of business and when you take a look at the numbers, it all makes sense.
iPhone sales account for two-thirds of Apple’s entire revenue, which explains why the company puts such a strong emphasis on these product announcements. Without the iPhone, Apple simply wouldn’t be the company that it’s recognized as today.
Somehow, Apple seems to set the bar a little higher with every passing release or announcement. This act of always offering a bigger, better, more improved version of what came before has trained its customers to remain eager and want to return for more.
If you don’t believe me, take a look for yourself. You can go back and trace the company’s repeated success, using the stock chart below.
As you can see, shares tend to coincide with this added attention to Apple products and there’s no indication of Apple breaking this trend anytime soon. Shares have respected the weekly moving average (red line) for years and should continue to do so.
Still, if you want even more proof of the upward trajectory that’s in store, Warren Buffet, possibly the most well recognized shareholder in America, is buying more of Apple’s stock. He even claims that Apple’s current share value is “enormously underpriced”.
While it’s never a good idea to trade off speculation, it’s still reassuring that a big name in the game, like Buffet, is on board with these oncoming gains well. Either way, the trajectory of the chart is there to back this claim as well.
Apple is set to reveal three new iPhone models, a new watch and updated operating systems for its products.
With that amount of innovation hitting the market, I think it’s fair to say that shares are bound to jump up. Ready yourself for the gains to follow and piggyback off the trillion dollar corporation’s continual success.
