14.04.2020 Apple Daily Analysis
Apple today is trading at $273.25, it went up with $5.26 from $267.99 yesterday.
This is mainly because China resumed operations since the number of coronavirus cases has decreased in the country. According to China Academy of Information and Communications Technology (CAICT) Apple Shipped 2.5 million iPhones in China this March which was more than double increase from February although it was still 20% down compared to March 2019. This made Apple shares go up because it shows that Apple is getting back in business and the fact that Apple shipped more iPhones than the previous month affected the supply and demand chain positively. The company will announce its quarterly earnings results on April 30.