Apple’s stock price hit a record high, rising 1.93% to 270.71 US dollars, with a market value of 1.2 trillion US dollars.
Well-known Apple analyst Guo Mingxuan said in a report on Thursday that Apple may release a new cheap iPhone in the first half of 2020, similar to the iPhone 8 with a 4.7-inch LCD screen. Apple hasn’t released a cheap phone since the iPhone SE, which was priced at $ 400 in 2016.
Guo Mingdi also predicts that Apple will release the first iPhone that supports 5G functions in the fall of 2020. The highest-end models released in 2021 will cancel the Lightning interface to provide users with a “more complete wireless experience.” Guo Mingxuan said that this phone will rely on wireless charging and will be a new way for Apple to distinguish expensive high-end phones from other products.
At the same time, Apple’s stock price was also boosted by a better-than-expected employment report, which boosted the three major US stock indexes by about 1% on the day.
Friday’s rise in Apple’s stock price also further strengthened its position as the world’s most valuable company. As the iPhone 11 series of smartphones sold better than expected, on October 18 this year, Apple regained the crown of the world’s highest market value company from Microsoft. Several analysts had previously said that people would skip the iPhone 11 and wait for Apple to release a new iPhone that supports 5G.
Relevant analyst data shows that Apple has received 27 “buy” ratings, 14 “hold” ratings and 7 “sell” ratings, with an expected target price of $ 260.27.