Apple’s WWDC week is over and (AAPL) – Get a report The stock performed well, rallying 1% to end Friday’s session at $ 127. The Cupertino-based stock has strengthened slightly as it continues to climb to all-time highs of $ 143.
See the table below:
3 Key Takeaways from WWDC 2021
On Monday, June 7, Apple opened WWDC 2021 when CEO Tim Cook gave a nearly two-hour keynote presentation. As usual, Apple Maven covered the keynote in real time via a live blog.
Apple Maven summarized below three key takeaways from the event to keep Apple stock investors in mind.
- Below market expectations
- It’s about the ecosystem
- Confidentiality is the key to success
Read more: Apple Stock: 3 Key Takeaways from WWDC 2021
What Wall Street Says About Apple’s WWDC
Here is an example of how consensus can be far from the truth. Almost every Wall Street analyst expected to see Apple present at least one hardware update during WWDC: either a new set of MacBook Pro laptops at best, or just details about the next generation of M1 chips. But none of this happened.
Below are some of the key takeaways from Wall Street analysts during WWDC week, as well as Apple Maven’s own take on their findings and implications for stocks.
Read more: What Wall Street says as WWDC unfolds
Data privacy has been on Apple’s agenda for a long time. In 2010, when the topic didn’t make headlines as often as it does today, legendary founder Steve Jobs made his position clear on the matter:
“Confidentiality means that people know what they are signing up for, in plain language and repeatedly.”
Apple Car: optimistic driver for AAPL in development
The rumor mill is spreading again. According to Reuters, Apple may be on the verge of a deal to manufacture the batteries that will power the long-awaited Apple Car. Potential suppliers will allegedly be Chinese manufacturers CATL and BYD.
With every Apple Car leak reported, it becomes more likely that the Cupertino-based company will eventually enter the automotive market. Markets love it: notice how Apple’s stock prices jumped in early trading on June 8, which is likely a reaction to a Reuters report.
Read more: Apple Car: an upbeat driver for Apple stock in development
(Disclaimer: This is not an investment advice. The author may be one or more of the companies mentioned in this report. The article may also contain affiliate links. These partnerships do not affect editorial content. Thanks for supporting Apple Maven)