Will this December break the trend?
- Apple stock has historically declined in December
- December is an important month for Apple’s revenue performance
- Analysts expect a strong holiday quarter for Apple
- Improved supply and steady demand for the iPhone 15 are positive factors
Apple stock has a history of declining in December, making it a challenging month for investors. However, this year could be different. While December ranks as the third worst month for Apple stock, it still has an average return of 1.5%. In comparison, September is the worst month with a historical decline of 4.3%, while October is the best month with a historical jump of 6.4%. Despite the weaker December performance, it is a crucial month for Apple’s revenue, with the company’s fiscal first quarter consistently producing strong results. Analysts expect a solid holiday quarter for Apple, with revenue projected to reach $118.1 billion. Supply constraints, although present, are not as severe as last year, and there is a steady demand for the iPhone 15. With a loyal customer base and a large number of iPhones yet to be upgraded, Apple is poised for a successful cycle ahead. This December could break the trend and bring positive returns for Apple stock.
Public Companies: Apple Inc. (AAPL)
Private Companies:
Key People: Dan Ives (Wedbush analyst)
Factuality Level: 7
Justification: The article provides historical data on Apple stock performance in December and compares it to other months. It also includes quotes from an analyst and mentions the supply issues faced by Apple in the previous year. However, the article does not provide any counterarguments or alternative perspectives, and it relies heavily on the opinion of a single analyst.
Noise Level: 7
Justification: The article provides some analysis of Apple stock performance in December and compares it to other months. It mentions historical trends and the importance of the December quarter for Apple’s revenue. However, the article lacks evidence or data to support its claims about supply constraints and demand for the iPhone 15. It also includes quotes from an analyst without providing any counterarguments or alternative perspectives.
Financial Relevance: Yes
Financial Markets Impacted: Apple stock
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the historical performance of Apple stock in December and its importance for the company’s fiscal first quarter. While there is no mention of any extreme events or significant impacts on financial markets, the information provided is relevant to investors and those interested in Apple’s stock performance.
