Jun 03, 2019
Apple Event Could Push the Stock Price Higher
Today, the Apple event will take place at 17:00 GMT, and the tech giant is expected to release a new iOS 13 system. Apple is also expected to announce a new MAC or software related to its TV+, and to promote themselves as an Internet services company. At the event today, a new iPhone model is not expected to be released. As a result of this event, the Apple stock price is expected to react. The fact is, if Apple is successful in shifting from hardware to software sales, this would reduce the company’s dependency on the Chinese, marking a huge achievement. Last Friday, Apple stock closed low at $175, but today’s event could give it the fresh support it needs to climb higher.
In other financial news, President Donald Trump is currently visiting the United Kingdom. To date, Trump has been very supportive of a ‘hard’ Brexit or an ‘ugly divorce’ between the UK and EU. This current visit to the UK is also an opportunity for Trump to promote new deals between the US and the UK. Strong activity on the British pound (GBP) could be generated on any news about this event today.