25.03.2020 Apple Daily Analysis

25.03.2020 Apple Daily Analysis

Apple today is trading at $246.88, it went up with $22.51 from $24.37. This is mainly because US policymakers finally agreed on the $2trillion stimulus package which is aimed to boost the US economy from the effects of coronavirus. This agreement made the USD to go up together with the US stocks, like Apple. More so, Apple is trading higher today because it announced its expansion of the App Store to 20 other countries in April, making it a total of 175 countries. App Store according to press it attracts over 500 million visitors each week and it has helped developers generate $155 billion in earnings from sales and in-app purchases to date.  This, therefore, will affect supply and demand chain positively and will allow developers to increase their reach and grow business in new markets. Apple is also reopening its retail stores by the first half of April and this will be good for Apple shares.