By Sam Boughedda
Investing.com -- Apple Inc (NASDAQ:AAPL) shares are down over 1.6% Monday ahead of its first product event of the year, which is named "Peek Performance."
At the event, Apple is expected to announce various product updates, including Macbook and iMac upgrades, while an updated iPhone SE with 5G is highly anticipated.
The iPhone SE is Apple's entry-level iPhone.
Wedbush analyst Daniel Ives — who has an outperform rating and $200 price target on Apple — told investors in a note Monday that he expects the company to launch its third iPhone SE alongside a revamped iPad Air and a new Mac version.
However, Ives said that the highlight is expected to be the SE which will likely start at $399 with a new A15 Bionic chip and 5G. Ives added that the SE will be the headline of the event to further catalyze upgrades during a massive iPhone 13 led product cycle.
Meanwhile, TF International Securities analyst Ming-Chi Kuo tweeted to say he expects Apple to reveal a more powerful Mac Mini and more affordable external display. He also predicts that the tech powerhouse will release its next GaN charger in 2022.