Apple Reportedly Going Full-Speed Ahead With iPhone Production Plans
August 12, 2022
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Apple($NASDAQ:AAPL) is reportedly planning to ramp up iPhone production heading into the end of the year, according to Bloomberg. The company is said to have told its suppliers to produce 90 million of its newest iPhones this year, which would be in line with 2021’s production levels when the iPhone 13 was introduced. Apple is reportedly looking at building a total of 220 million iPhones in 2022, or roughly the same number that were built a year ago. It’s unclear how this will affect Apple’s market and earnings in the long term. The company doesn’t publicly disclose the number of iPhones it sells, so it’s difficult to gauge the potential impact.
However, if Apple is able to sell its new iPhones in large numbers, it could potentially see a boost in revenue and earnings.
On Thursday, Apple’s stock opened at $170.1 and closed at $168.5. This shows that the company is still confident in its products and is moving forward with its plans. This is good news for consumers who are looking forward to the new iPhone.
A company’s fundamentals are a reflection of its long-term potential. The following analysis of Apple Inc. ($NASDAQ:AAPL) is made simple by the VI app. The fair value of one AAPL share is around $144.7, as calculated by the VI Line.
However, the stock is currently traded at $168.5, which is a fair price that is overvalued by 16%.
The company is said to be ramping up production of its flagship smartphone in preparation for a fall launch. While the company posted strong results, investors were concerned about its guidance for the second quarter, which was below analyst expectations. Despite the challenges posed by the pandemic, it appears that Apple is still on track to release a new iPhone later this year. The company is said to be focused on ensuring that it can meet demand, which is expected to be high. Investors may want to consider buying Apple stock ahead of the release of the new iPhone. The company’s shares could rally on the news, especially if demand for the device is strong.
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