Apple strengthens its position in India with Bharti AirtelApple has partnered with India's second-largest telecom operator, giving the iPhone producer a much-needed boost in the content market. The company remains significantly behind giants such as Spotify and Walt Disney in this market.
The American tech corporation, aiming to increase global revenue from services, including apps, payment systems, and media, will offer 281 million Bharti Airtel customers free access to streaming music and video. In doing so, the company achieves two goals at once: diversification and sales growth.
Let's examine Apple Inc. (NASDAQ: AAPL) stock chart for possible trades from a technical analysis point of view.
On the D1 timeframe, resistance has formed at 233.00 USD, with support at 217.50 USD. The asset is in an upward trend with the quotes above the support line. If the trend reverses, the target for the fall could be 202.80 USD.
If the upward trend continues after breaking through the resistance level at 233.00 USD, the short-term target could be 240.55 USD. In the medium term, the price may rise to 250.00 USD.
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