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Apple Shares To Rally On iPhone Release

Published 08/24/2017, 10:15 AM
Updated 03/09/2019, 08:30 AM
AAPL
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Recent reports have revealed that Apple (NASDAQ:AAPL) will be revealing its tenth anniversary iPhone on or around September 12, which is only a couple of weeks away. Although the timing did not come off as a surprise to the public as the company normally held product and iPhone launches during September since last 2012.

Despite the date not being confirmed or finalized yet by Apple itself, the unveiling is set to take place between September 5 and September 12. Apple is also expected to officially release the iOS 11 final version along with the next iPhone release as well as a brand new Apple Watch version along with updates to the Apple TV. The company is expected to release an Apple Watch that would support LTE connectivity.

According to mixed reports in the past couple of months surrounding the release of the next iPhone, Apple would be releasing three different iPhone models this year, which was rumored to be the iPhone 7s and 7s Plus along with another premium phone that would feature an OLED display.

The display was speculated after Apple made various acquisitions to secure massive supplies of OLED displays since last year. On the other hand, Apple was said to be already planning the release of another iPhone next year. Although it is unsure to whether when Apple would be using their massive OLED supply, the premium phone is expected to feature a bigger screen.

Various leaks have also shown the potential design of the next iPhone. Among these speculations is the absence of the usual home screen button and a wireless charging feature.

Earlier this month, the company posted an upbeat third fiscal quarter earnings report that sent its shares up by 6%. Despite the upcoming release of the next iPhone, the company still reported booming iPhone sales. Since last year, the company has been receiving increasing demands for its iPhone 7 particularly the 7 Plus variant. The company also reported a renewed demand for their iPad as the sales began to pick up again due to the release of new iPad variants.

In other Apple news, the company is reportedly opening another data center in the United States, which will be built in Iowa. Last month, Apple announced that it would invest $921 million in the construction of a data center in Denmark which will run on renewable energy. Apple will also be building its very first data center in China in compliance with the country’s government law that requires companies to store user data in China.

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