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Apple's iPhone 16 Pre-Order Struggles: A Buying Opportunity?Apple Inc. (NASDAQ: NASDAQ:AAPL ) has always been a tech behemoth, but its latest iPhone 16 launch appears to be facing some turbulence. Analysts are reporting weaker-than-expected pre-orders, with the first weekend sales estimated at around 37 million units, a 12.7% dip compared to last year. But could this moment of weakness actually present an opportunity for investors? Let's dive into the technical and fundamental aspects of Apple's current standing. Weak iPhone 16 Pre-Orders and AI Lag The most significant concern surrounding Apple’s recent performance stems from the iPhone 16’s pre-orders. Analysts, including Ming-Chi Kuo from TF International Securities, project a 12.7% decline in pre-orders compared to last year, underscoring a drop in demand for Apple’s latest flagship device. This decline in demand is primarily attributed to Apple’s sluggish pace in the artificial intelligence (AI) race. While AI innovation has taken center stage in tech, Apple has yet to make significant strides in this area. The lack of AI features in the iPhone 16 has left many potential buyers underwhelmed, especially in China, where local competitors like Huawei are ahead in integrating cutting-edge AI into their devices. In fact, Apple has been knocked out of the top five smartphone sellers in China for the first time—a sobering signal of the challenges ahead. The AI sector is rapidly expanding, and Apple’s reliance on OpenAI’s technology for AI features in its iPhones is becoming a liability, especially given the Chinese government’s stringent policies against foreign AI technologies. If Apple does not address this gap soon, its position in the global smartphone market could face more significant challenges. Despite these obstacles, Apple is not out of the race. The company has a history of overcoming setbacks and bouncing back stronger. Apple's short-term hurdles might be part of a larger, strategic approach. Many analysts speculate that Apple could be holding back major feature releases for the holiday season, a time when consumer spending surges. If enhanced AI capabilities are introduced in the coming months, especially in tandem with the shopping season, Apple could see a significant boost in sales. Moreover, Apple’s foray into health tech with the new FDA-approved sleep apnea detection feature for the Apple Watch Series 10 shows that the company is still innovating in other areas. This feature could be a game-changer for millions of people with undiagnosed sleep disorders, opening up a new market segment for Apple’s wearables. Technical Analysis: AAPL’s 3% Decline and Key Support Zones Now, turning to the technical aspect, NASDAQ:AAPL stock is down 3% during Monday’s trading session, marking a pullback from its recent highs. While this decline has raised eyebrows, it’s important to note that Apple’s stock has been in a continuous uptrend since June 2019, showing incredible resilience over the years. The stock's recent decline is partly due to lower-than-expected iPhone 16 pre-orders and broader concerns over its lag in AI innovation. However, NASDAQ:AAPL stock has formed a major support zone at the $125 pivot level. This zone correlates with the consolidation area observed on November 30, 2023, marking a potential bounce point for the stock. The stock’s Relative Strength Index (RSI) is hovering around the mid-50s, suggesting that while the stock isn’t oversold, it’s approaching levels that could attract buyers. Additionally, NASDAQ:AAPL is still trading above several key moving averages, offering further support for a potential reversal. Investors looking for a technical entry point might find this level particularly attractive, especially if the stock can hold the $125 support level and begin to rally. Why Apple Stock May Still Be a Buy Despite weaker pre-orders and concerns about AI innovation, there are several reasons why NASDAQ:AAPL remains a compelling buy at this stage: 1. Strategic Timing: Apple often introduces new features and technologies closer to the holiday season. It’s plausible that the company is withholding some of its most compelling AI advancements for the peak shopping months in November and December. 2. AI Potential: While Apple may currently lag in AI, its history of integrating groundbreaking features into its ecosystem should not be overlooked. If Apple rolls out significant AI updates within the next 12-18 months, it could trigger a renewed interest in its product line and drive stock price appreciation. 3. Long-Term Growth: Apple’s stock has demonstrated long-term growth and resilience, bouncing back from setbacks in the past. Its ability to navigate challenges in China, coupled with a potential holiday-season boost, positions NASDAQ:AAPL for a recovery in 2024. 4. Health Tech Advancements: The FDA’s recent approval of Apple’s sleep apnea detection feature for the Apple Watch further strengthens its position in the health tech market, which could open up a lucrative revenue stream. With 30 million Americans affected by sleep apnea, this feature could see widespread adoption, boosting sales of the Apple Watch Series 10 and Ultra 2 models. Final Thoughts Apple's current dip, driven by weaker iPhone 16 pre-orders and a lack of AI innovation, may present a buying opportunity for long-term investors. While the stock is facing short-term headwinds, its strong fundamentals, history of innovation, and potential AI advancements in the coming months could set the stage for a strong rebound. Investors should closely monitor Apple’s performance in the upcoming holiday season, as this could be a critical period for the company to regain momentum. For now, the $125 support level may provide an ideal entry point for those looking to capitalize on any future upside. As always, it's important to stay informed on new developments and keep an eye on Apple’s evolving strategies, particularly in AI and health tech.
NASDAQ:AAPL
by DEXWireNews
2
AAPL LOOKING LONG TERM BULLISHWhile there is some uncertainty in the great market, AAPL appears to have a bright future. The chart structure appears to be in greater degree wave three, which has substantial upside to come. That said, the markets don't move in a straight line and when breaking down the potential micro counts, the current downward push appears to be losing steam quickly. That said, I would look for support to hold in the current zone, as low as 200, followed by a strong reversal to the upside. Let the volume be your guide.
NASDAQ:AAPLLong
by BlueLineTradingLLC
MUTED REACTION ON APPLEThe first interest rate cut of the cycle is finally here, we will find out what the Fed decides on Wednesday and there is a growing feeling that a 50 basis point is adjacement is possible. Whe. it comes to APPLE ,Apple Inc. (AAPL) is experiencing a mix of factors influencing its stock performance in September 2024. The company’s recent product launches, particularly the iPhone 16 and AI-powered features, were met with muted market reactions, as we await for sales data to gauge consumer demand. Despite this, many investors remain optimistic about Apple’s long-term prospects. This stock is a moderate buy in a long term. However, challenges like weaker-than-expected consumer electronics demand and global macroeconomic factors could impact its performance in the near term . We are also keeping an eye on Apple’s expansion into healthcare, as its AirPods received FDA approval to serve as over-the-counter hearing aids, which could open up a new market . Additionally, concerns about Apple’s reliance on Chinese manufacturing and the potential impact of ongoing geopolitical issues may affect investor sentiment moving forward .
NASDAQ:AAPLShort
by ForxTay
How to get more out of the Greer Buyzone ToolIf you have found value in the Greer Buyzone Tool and are interested in exploring additional strategies to leverage its capabilities, I invite you to view my latest video presentation. In this session, I discuss methodologies for profit-taking utilizing the Greer Buyzone Tool in conjunction with other key indicators. I have also developed an exclusive script based on this study, available for those who express interest. I am eager to receive feedback from the community regarding this approach, to further refine and share insights on its application.
NASDAQ:AAPLLong
by controllinghand
Consolidation and … continuation soonI am anticipating a short-term drop to 210 if we break below 217, which has proven to be a strong support level. 13 September - Today, pre-orders start, and analysts will be closely watching the progress. There’s bound to be plenty of news, and to top it off, it’s Friday. Given this, I expect we may see at least a 1-2% drop, especially considering it’s September… Aside from one positive—FDA approval of their hearing aid software—Apple doesn’t have much good news. Here are the major concerns: Apple’s market share in China is falling faster than expected. We’ll see the full impact in future earnings reports. Apple lacks its own AI model and is partnering with OpenAI. To me, this is a major strategic failure, especially compared to Google, which is doing far better in this space. The iPhone 16 release is becoming less exciting. Apple has been focusing solely on processor and camera upgrades year after year, neglecting the need for innovation in AI, design changes, and tech beyond hardware. Vision Pro: This was a clear miss. I bought one and ended up returning it. A big letdown was that I couldn’t even create a separate user profile for my wife. So Apple expects me to spend £4k just for some immersive videos? That’s just ridiculous.
NASDAQ:AAPLShort
by GhazKhan
2
Apple price is consolidation zone.Apple Inc. (AAPL) Technical Overview: Based on recent technical analysis, Apple stock is currently trading within a consolidation zone, having failed twice to create new higher highs. This suggests that the price area between $231 and $235 is a strong resistance level. When analyzing using Bollinger Bands on the weekly and monthly charts, we observe increased volatility around the $243 level. The Stochastic RSI on the weekly timeframe is indicating a potential buying opportunity; however, on the monthly timeframe, the Stochastic RSI is signaling that the stock is in overbought territory. To break through the resistance zone, fundamental catalysts such as the upcoming iPhone 16 launch could play a significant role in driving momentum. It is crucial to keep an eye on such key events to assess potential market reactions. This analysis is provided for educational purposes only and should not be considered financial advice.
NASDAQ:AAPL
by FXNEWSCLUB
1
AAPL: Key points for the medium and long term. (D&W Charts)Looking at the daily chart of AAPL, there is a noticeable bullish reaction above the 38.2% Fibonacci retracement level, indicating that buyers have stepped in to defend this level. This suggests that there could be some bullish momentum building from this area, especially as the price begins to rise after this pullback. The 38.2% Fibonacci retracement has provided solid support, and the current price action suggests that the stock could challenge previous highs if this level holds. The next key resistance would be around $233, which represents the most recent high. On the weekly chart, the key zone marked in yellow highlights an area of significance where price action has previously reacted both as resistance and support, another example of the Principle of Polarity. The current bounce from this zone reinforces its importance, particularly as the stock has used this area to pivot higher in the past. The strong move back up from just under $200 shows a possible bullish continuation pattern if the stock manages to hold above this key level. The 21-week EMA is providing dynamic support and is still trending upward, which supports the overall bullish outlook. In summary, AAPL has found support at a critical Fibonacci level and historical support zone, and if the stock can sustain momentum above these areas, it could challenge its previous highs. The price action on both the daily and weekly charts suggests a potential bullish continuation, especially if these support levels hold. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
Apple Inc. (AAPL) chart analysisThe stock chart for Apple (AAPL) highlights the formation of an Ascending Triangle pattern. This is a bullish continuation pattern characterized by a rising support trendline and a horizontal resistance level, as depicted by the converging red lines. In an ascending triangle, the rising support indicates that buyers are stepping in at progressively higher levels, while the horizontal resistance suggests that sellers are capping gains at a certain price level. This pattern generally suggests accumulation, where buying pressure builds up, and it often leads to a breakout above the resistance line if enough momentum gathers. At the moment, AAPL is approaching the resistance line but has not yet broken out. If the stock price moves above the resistance level with strong volume, it could signal a bullish breakout, leading to a new leg higher. However, if the price reverses and breaks below the support line, it could signal a bearish move, making it essential to watch the coming price action closely. Given the upward slope of the support line, the bias remains bullish, but traders should remain cautious until a clear breakout occurs.
NASDAQ:AAPL
by TraderhrTrading
Apple Loses €13 Billion Tax Battle with the EUApple Inc. ( NASDAQ:AAPL ) has suffered a significant legal setback as the European Court of Justice (ECJ) ruled against the company in a high-profile tax case, requiring it to pay €13 billion ($14.4 billion) in back taxes to Ireland. This decision comes after years of litigation and represents a major victory for the European Commission’s ongoing efforts to crack down on so-called “sweetheart” tax deals that give multinationals an unfair advantage. The ECJ’s ruling overturns a previous 2020 decision by a lower court that had favored Apple, signaling a renewed focus on holding large corporations accountable for exploiting loopholes in European tax laws. The ruling not only has financial implications for Apple but also sets a precedent for how the EU will handle similar cases in the future. Key Details of the Ruling In 2016, Margrethe Vestager, the EU’s competition chief, accused Ireland of granting Apple illegal tax benefits that unfairly favored the tech giant and distorted competition. The case focused on tax rulings granted by Ireland that allowed Apple to channel billions in profits through the country at a tax rate as low as 0.005%, far below the standard corporate tax rates. Apple and Ireland both challenged the ruling in the EU’s General Court, which initially sided with the tech company in 2020, arguing that the European Commission had not sufficiently proven that Apple received a selective economic advantage. However, the ECJ has now reversed this decision, reaffirming the Commission’s stance that the tax arrangements constituted illegal state aid. Impact on Apple’s Finances and Market Position While the €13 billion tax bill is substantial, it represents a fraction of Apple’s vast cash reserves. However, the ruling could influence the company’s financial strategies and complicate its tax planning across Europe. Apple has been vocal in its defense, insisting that it has always paid taxes in accordance with the law and that the case is more about jurisdiction than tax evasion. “This case has never been about how much tax we pay but which government we are required to pay it to,” Apple stated after the ruling. The company argued that its income was already subject to taxation in the U.S. and that the EU was attempting to change the rules retroactively. The “Double Irish” Tax Scheme: A Closer Look Central to Apple’s tax practices was the now-defunct “Double Irish” tax strategy, which allowed multinational companies to route profits through Ireland to minimize their tax liabilities. This involved transferring profits to an Irish subsidiary, which then paid the money to another entity registered in Ireland but taxed elsewhere, often in a tax haven like Bermuda. Although Ireland shut down this tax loophole in 2014 under pressure from the EU and the U.S., the ECJ ruling underscores the long-term implications of such arrangements. The decision may also encourage the European Commission to scrutinize other tax agreements, signaling a broader crackdown on similar schemes used by other tech giants. ### Technical Analysis: AAPL Stock in Focus Apple’s stock ( NASDAQ:AAPL ) has experienced turbulence following the ECJ’s ruling, dipping by 1% in Monday’s extended trading session. The decline was not solely due to the court’s decision; it also reflects investor concerns about the broader market environment and the recent iPhone 16 launch, which did not provide the immediate boost some had hoped for. However, from a technical perspective, Apple’s stock remains in a promising position. The Relative Strength Index (RSI) stands at 60, indicating that the stock is neither overbought nor oversold, which is a healthy sign for potential upward momentum. Moreover, NASDAQ:AAPL is trading above its key moving averages, including the 50-day, 100-day, and 200-day MAs, suggesting that the overall trend remains positive despite recent setbacks. The Path Ahead: Risks and Opportunities The ECJ ruling may create short-term headwinds for Apple, both financially and reputationally. However, the company’s strong market position, diversified revenue streams, and continued innovation in technology could help it weather this storm. Apple’s commitment to paying all taxes owed, regardless of jurisdiction, is likely to resonate with investors who value corporate responsibility. For the EU, this case represents a significant milestone in its quest to create a level playing field for all businesses operating within its borders. The ruling sends a clear message that the bloc will not tolerate tax avoidance strategies that undermine fair competition, and it may embolden further actions against other tech giants. Conclusion Apple’s €13 billion tax setback in the EU is a critical moment in the ongoing battle between multinational corporations and global tax authorities. While the financial impact on Apple may be manageable, the ruling has broader implications for corporate governance and regulatory compliance across the tech industry. For investors, the current dip in Apple’s stock presents a moment to reassess the company’s long-term potential amid evolving legal and economic landscapes. With strong technical indicators and a robust business model, NASDAQ:AAPL remains a key player, but vigilance is necessary as the company navigates its complex legal challenges.
NASDAQ:AAPLLong
by DEXWireNews
Apple Bets on iPhone 16 to Catch Up in AI Race. What's at Stake?Tech heavyweight carries a valuation of $3.4 trillion, making it the world’s most expensive company (on most days, thanks to volatility). But the consumer giant may be running out of ideas — its latest product event “It’s Glowtime” was a spectacle of colors, flashy lights, great camera work and editing. But the crowd went … mild. Apple (ticker: AAPL ) unveiled the latest model of its flagship product, the iPhone 16, at its product launch event “It’s Glowtime” on Monday. This wonder of technology, which changed how the world communicates (and sends memes), is now in its most advanced form flexing some solid AI muscle. The iPhone 16 is a bet on artificial intelligence — the Cupertino, California-based company is putting its hopes on the buzzy AI trend in an effort to convince users to dump their old non-AI phone for the first Apple smartphone built for AI. Chief Executive Tim Cook praised the new device, saying this latest model is designed “from the ground up” powered by Apple’s new AI software, Apple Intelligence . Users can get their hands on the iPhone 16 starting September 20 — just in time for the fourth quarter to show how big of a demand there is for this new device, starting at $799. The product launch event, streamed live on YouTube to more than 2.5 million viewers, didn’t lift Apple shares one bit. In fact, the stock was moving sideways to the downside before it recouped the 1.9% intraday loss and closed hugging the flatline at $220.91 a share. It wasn't a great day for the broader stock market , to be fair. So why the muted response from Wall Street and the investing crowds on Reddit’s messaging boards? There was merely anything new to surprise markets — most of the announcements were already old news, priced in and well baked in. What matters now is how well the iPhone 16 sells to the masses. The three months to December are generally strong selling time spans for the iPhone as more people are willing to shell out on smartphones for Christmas. But that could very well be the initial marketing spike followed by fizzled out revenue growth. That’s where Apple’s future hinges on its ability to keep cutting edge and think different . Backed by the power of AI, Wall Street will be looking for a boost to iPhone sales, which have been losing momentum in recent quarters. Now with the Apple Intelligence software jammed into the latest operating system, iOS 18, Apple is looking to compete for a market share in the burgeoning space for AI smartphones. The tech giant is not too worried about getting left behind. Its iPhone flaunts a loyal customer base, which generates about half of all company revenue. For the most-recent quarter, iPhone sales pulled in $39.3 billion from total sales of $85.5 billion. But in practice, Apple is already late to the party. Other mainstays in the upper echelon of tech have rolled out AI phones. Google launched its AI smartphone, Pixel 8, back in October. Samsung, Apple's international archrival running on Android, introduced the Samsung S24 in January, flexing powerful AI capabilities. Perhaps the biggest news at yesterday’s event was Apple’s foray into healthcare. A new use case has been discovered for the AirPods: they’ll be taking on the role of hearing aids, which makes the $250 Pro model a cheap product in the market for hearing aids. Other product releases, other than the iPhone 16, include the Apple Watch Series 10 with an updated design, and the Apple Watch Ultra 2 in a new color (looks like the Ultra team had an ultra easy job this year.) So, with that said, what makes you want to invest in Apple? Or maybe trade it? Is it the bright outlook in the AI smartphone race? Or the company’s search for innovation in healthcare? Share your thoughts below!
Editors' picks
NASDAQ:AAPL
by TradingView
8
APPLE: Buy lower if this level breaks. Next target = 260.Apple is neutral on its 1D technical outlook (RSI = 45.352, MACD = -0.130, ADX = 33.865) as it is consolidating around the 1D MA50. The trend is a bearish one, correcting under LH and until they break, it will remain bearish. Much like the Channel Down corrections of 2023 and 2024, failure to cross above the top of the bearish pattern, should extend the selling to the 1D MA100 again, even the 1D MA200 if it fails. The 1D RSI of the prior tw fractals indicates that two main LH should be formed before the price recovers. This shows that we should take our time with AAPL and if the 1.5 Fib level breaks, buy on the 1D MA100 and the 1D MA200 for the long term. TP = 260.00 (the 2.5 Fibonacci level). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AAPL
by InvestingScope