It’s a hugely positive data point. No one has ever known iPhone unit sales expectations because that’s never been published by Apple.It doesn't say anything whether or not XR sales are below expectations nor whether or not iphone sales overall are below expectations.
[doublepost=1543452531][/doublepost]
Absolutely bc of the Fed...Apple is the biggest company in the world is part of about every long index.I did.
The Fed's Powell also made a statement that hinted at a plateau in the rate at noon.
Apple's VP Greg Joswiak made his statement at about noon.
The stock market took off after that.
Previous close, $174 - noon price $175, in the next four hours after this statement - sharp rise in AAPL price ~$6! It kicked up the broad stock market too, almost all the indices. About 75% of the stocks I follow did the same.
Cause and Effect? I said yes. You say otherwise
.
Is it because of the Fed's statement or Apple's statement?![]()
If you’ve paid any attention to this market, it has been DYING for Powell to be more dovish. That is WAY bigger news than this and is what drove the entire market higher, including Apple.