Apple (AAPL) Stock Is All Set To Hit $150: What Should You Do?

The chart of technology company represents a drop of 0.91% today. Apple’s stock has been in the center among investors since the start of the year. However, the stock has managed a slight increase of 16.85% in 2021 so far and the rally continued on Wednesday. Currently, the company tries to recover the market after a volatile patch. One of the major triggers behind the rally this week is linked to the completion of the direct stock offering to institutional investors. You’ll have to wait if you want to get your hands on the next iPhone.

Normally, this would be a positive indication for Apple stock, but this year’s situation is a little more nuanced. According to Credit Suisse analysts, wait times for the iPhone 13 family of handsets are still long across the board. Customers who want the iPhone 13 Pro and Pro Max will have to wait more than four weeks, according to the Swiss bank’s team, which is the longest delay in at least four years. According to fresh charges filed with the National Labor Relations Board by a dismissed activist, Apple’s stringent employee handbook regulations and Chief Executive Officer Tim Cook’s recent vow to penalize leakers both violate US law.

Miriam Bozini

Finance and Business Reporter