goldman sachs: apple's stock price has underperformed the s&p 500 by an average of 70 basis points on the day the iphone was launched over the past five years
2024-09-05
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according to reports, goldman sachs published a research report stating that apple will hold a press conference next monday (9th) with the theme of it's glow time. it is generally expected that apple will release new products such as iphone16, apple watch new series and fourth-generation airpods. looking back at the past five years, every time apple released a new iphone, its stock price performance underperformed the s&p 500 index by about 70 basis points on average, so it is expected that this press conference will have little impact on the stock price. the bank reminded that if apple announces an iphone price increase, releases a new generation of ipad, or launches ai functions and applications earlier than expected, and the operator's promotional activities are better than expected, it will become a potential positive factor for the stock price. it is currently predicted that iphone revenue will fall 1% year-on-year in fiscal 2024 ending at the end of september this year, but it is expected that iphone revenue will recover in fiscal 2025 and 2026, and growth will accelerate to 9% each. it is given a "buy" rating and the target price is slightly increased from the original us$275 to us$276. (this article comes from china business network)
