Apple (AAPL) Stock Is Constantly Growing : Is There Any Relation With Covid-19?

The world-renowned tech giant Apple has continued to grow its revenue since early 2021. On July 13, 2021, the market closed with a good figure of the stock price of $ 145.64. This is 0.78% higher than the previous indicators for the day and 2.53% higher than the indicators as of July 8, 2021. Monthly growth is striking in its scale. The difference is 12.79% with data for June 14, 2021. With the Covid-19 epidemic pushing employment and study online and requiring workers and students to acquire new gadgets to connect on from residence, the technology sector – and particularly the electronic goods industry – has enjoyed growing support in the past year. Simultaneously, a widespread deficit of semiconductor chips is limiting the production of electronics, including Apple’s iPad and iMac.

Apple, on the other hand, has asked suppliers to produce up to 90 million next-generation iPhones this year, a substantial growth from anticipated 2020 iPhone shipments. The revised prediction for 2021 indicates that the company expects to introduce its new iPhone because the deployment of Covid-19 vaccinations will generate greater demand. The upcoming iPhones will be Apple’s second with 5G, which will be a crucial attraction for people to upgrade.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

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