Should You Pool Your Money Into Apple (AAPL) Stock This Week?

[Investing Insights Daily]( September 13th, 2023 SPONSORED AD [Top 5 EV Tech Stocks to Buy for 2023 + 10 "Must-Have" Stocks to Buy Now]( The electric vehicle boom is accelerating - and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating - and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023" along with preferred offer: 10 "Must-Have" Stocks to Buy Now. [Click here to sign up for our FREE Report & get directed to the Special Offer "10 "Must-Have" Stocks to Buy Now"]( [Should You Pool Your Money Into Apple (AAPL) Stock This Week?]( Apple Inc. ([AAPL]( – [Get Rating]( has been in the news lately due to the recent developments where the Chinese government banned the use of iPhones and other AAPL products for government employees. The tech giant’s annual product launch event, dubbed ‘Wonderlust,’ is due today, where it is set to reveal a series of updates over its product range. In this piece, I have discussed why adding AAPL to one’s watchlist could be wise. AAPL’s third-quarter EPS was 5.5% above analyst estimates, while its revenue matched the consensus estimate. Despite its total revenue falling year-over-year, its services revenue reached a new all-time high. AAPL’s CEO Tim Cook said, “We are happy to report that we had an all-time revenue record in the Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone.” Commenting on the company’s third-quarter performance, AAPL CFO Luca Maestri said, “Our June quarter year-over-year business performance improved from the March quarter, and our installed base of active devices reached an all-time high in every geographic segment. During the quarter, we generated very strong operating cash flow of $26 billion, returned over $24 billion to our shareholders, and continued to invest in our long-term growth plans.” Amid rising geopolitical tensions between the United States and China, the Chinese government [banned the use of iPhones]( at work in what was seen as an effort to reduce security risks posed by Apple devices. China’s latest move is the latest development in the ongoing trade and tech war between the two largest economies. Nikkei [reported]( that some state-owned companies were prohibiting employees with trade secrets from bringing AAPL products to their workplaces. China’s move to stop government employees from using AAPL products led to the company’s market capitalization falling by over $200 billion last week. China is a crucial market for AAPL, with sales from its Greater China segment accounting for 20% of sales in the third quarter. During the third quarter, its Greater China sales rose 7.9% year-over-year to $15.76 billion. The company is expected to launch its much-awaited iPhone 15 later today, along with new Apple watches. AAPL is expected to shift away from its famed Lightning connector and adopt a USB-C port. The stock has performed exceptionally well this year. Despite the recent ban… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019