27.03.2020 Apple Daily Analysis

27.03.2020 Apple Daily Analysis

Apple today is trading a $258.44, it went up with $12.92 from $245.52. This is mainly because Olympics delay in Japan has made a setback to Samsung plan to take an early lead in 5G. This is an advantage for Apple because the virus could lead to delays in the development of the 5G market with other companies. This, therefore, resulted in the share going up today. More, so Huawei unveiled a new smartphone yesterday with a premium camera hoping that it can lure in Samsung and Apple users but however the announcement is unfortunately timed. This launch which is to take place 7 April came after Apple announced a delay in the release of its new iPhone. However, the timing is wrong since many countries are on lockdown because of the coronavirus pandemic thereby giving Apple more leverage.