New Apple Product Expectations See AAPL and Supplier Shares Surge to Record Highs

by

Shares in Apple supplier Taiwan Semiconductor (TSMC) hit an all-time high on Tuesday, coming on the back of record spikes in Apple's share price over the last rontew trading days.

TSMC share price rose to 195 New Taiwan Dollars, up NT$3.5 or 1.83 percent on the Taiwan Stock Exchange, breaking a previous record set in October 2016.


Shares in other Apple parts suppliers in Asia also rallied on Tuesday, reported Nikkei Asian Review. Shares in optical lens manufacturer Largan Precision hit an all-time high and contract electronics maker Pegatron reached the highest level since last year. At one point, Foxconn reached NT$91.80, its highest level since 2016.

The rallies came as Apple's own share price hit another all-time high on Monday, reaching $141.46 at the end of trading, following indications that the company could make new product announcements on Tuesday. Rumors suggest Apple is planning updated 9.7-inch and 12.9-inch iPad Pro models, a 128GB iPhone SE, a red color option for iPhone 7 and iPhone 7 Plus, and new Apple Watch bands.

The gains have also been fed by speculation surrounding Apple's "iPhone 8", which is expected to launch in the fall, but could conceivably appear earlier. Several financial analysts have raised their price targets for Apple's stock to between $150 and $185, according to research notes obtained by MacRumors.

TSMC is also thought to be considering moving some of its chip manufacturing into the United States, according to sources, with a decision said to be coming specifically in the "first half of 2018", with upwards of $16 billion potentially being invested in getting the American plant up and running.

Tags: TSMC, AAPL

Top Rated Comments

(View all)
Avatar
44 months ago

That's because you artfully took a specific time frame to make your case.

No, it wasn't an arbitrary time frame: 1 year, 2 year, and 5 year historical performance are all standard investment measurements which is why they are offered on sites like Yahoo Finance, Morningstar, brokerage firms, etc.

1 year performance is key since it's when capital gains are taxed at the long-term rate rather than short-term.


Just take a longer, or shorter time frame and AAPL outperformed basically everything.

Nope ('https://finance.yahoo.com/chart/MSFT#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%3D').

Here's AAPL compared to MSFT and ORCL ('https://finance.yahoo.com/chart/AAPL?p=AAPL#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%3D'). Those are two very well known companies, I didn't pick oddball, small cap stocks.


For example, compare GOOG and AAPL returns from 2006 to today.

Well, yes, GOOG has underperformed AAPL in the trailing twelve months.

But a couple of the other FANGs, Netflix and Amazon have outperformed AAPL in the TTM ('https://finance.yahoo.com/chart/AAPL#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').


Or any other stock from 31/12/2016 to today.

Also no. Here's the list of top 50 performing stocks 2017 YTD ('http://www.greenandredmarket.com/menu/yeartodategainers.htm') and AAPL is not on the list.

Here are AAPL and three other S&P 500 components graphed ('https://finance.yahoo.com/chart/AAPL#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') in 2017 YTD performance.

Let's face it, Apple has historically had periods of being a very well performing investment, but it has had it down moments as well. The fact that it has not outperformed the S&P 500 over the past two or five years is very telling.

AAPL is a value stock, not a growth stock these days. A lot of people here seem to be wearing blinders and believe that AAPL has always been the best investment and will continue to be the best investment forever, ignoring hard evidence that it has most certainly not been the best investment over the past 2 or even five years.

I'm still an indirect AAPL shareholder as many index funds have notable positions in AAPL.

LOL, my portfolio is getting hammered today. :p
Score: 2 Votes (Like | Disagree)
Avatar
44 months ago
Apple shares are trading at $994.35 pre-7:1-split adjusted in premarket, at spitting distance from $1000 a share.

It's worth remembering that, after the drop from $200 to $80 in 2009, many on this forum predicted it would never recover, and the only analyst who kept his target at $800 was ridiculed.

In 2016, Apple's stock dropped again, and many on this forum predicted the iPhone and AAPL had peaked.

Let's sum things up with an appropriate song:

Score: 2 Votes (Like | Disagree)

Top Stories

Apple Takes Legal Action Against Small Company With Pear Logo

Saturday August 8, 2020 11:09 am PDT by
Apple is taking legal action against the developers of the app "Prepear" due to its logo, according to iPhone in Canada. Prepear is an app that helps users discover recipes, plan meals, make lists, and arrange grocery deliveries. The app is a spinoff of "Super Healthy Kids," and the founders claim that they are facing litigation from Apple. Apple reportedly takes issue with Prepear's logo, ...

Kuo: Global iPhone Shipments Could Decline Up to 30% If Apple Forced to Remove WeChat From App Store [Updated x2]

Sunday August 9, 2020 10:17 pm PDT by
In a worst-case scenario, Apple's annual global iPhone shipments could decline by 25–30% if it is forced to remove WeChat from its App Stores around the world, according to a new research note from analyst Ming-Chi Kuo viewed by MacRumors. The removal could occur due to a recent executive order aiming to ban U.S. transactions with WeChat and its parent company Tencent. Kuo lays out...

Google Maps Debuts New Apple Watch App and CarPlay Features

Monday August 10, 2020 9:16 am PDT by
Google today announced the launch of several features for Google Maps on Apple products, including new CarPlay functionality and a new Google Maps app that works on Apple Watch. The new Google Maps app for Apple Watch works similarly to the iOS app, allowing Apple Watch owners to get directions for a car, bike, public transit, or on foot. The app supports estimated arrival times and...

Foxconn Reportedly Begins Seasonal Hiring Spree for iPhone 12 Production

Monday August 10, 2020 7:03 am PDT by
Apple's largest manufacturing partner Foxconn has begun its seasonal hiring spree to assist with iPhone 12 production, offering employees who recruit qualified applicants up to a 9,000 yuan bonus, according to Chinese media reports. As usual, Foxconn needs as many hands on deck as possible at its factory in Zhengzhou, China to assist with mass production of the upcoming iPhones. Apple is...

Apple May Release 4G-Only iPhone 12 in Early 2021

Tuesday August 11, 2020 5:28 am PDT by
In a research note shared by Business Insider, Wedbush Securities analysts said that Apple may release a cheaper iPhone 12 in early 2021 with no 5G connectivity. Wedbush initially believed Apple would launch a mix of 4G and 5G iPhone 12 models this fall. Following re-examination of Asian supply chains, analysts Daniel Ives, Strecker Backe, and Ahmad Khalil revised the predictions,...

2020 iMac Teardown Reveals Internal Changes and Similarities

Saturday August 8, 2020 12:44 pm PDT by
A teardown video, shared by OWC, reveals the internal changes in the new 2020 27-inch iMac. The 2020 27-inch iMac was announced earlier this week with 10th-generation Intel Core processors, AMD Radeon Pro 5000 series graphics, up to 128GB of RAM, up to 8TB of storage, a 1080p front-facing FaceTime camera, a True Tone display with a nano-texture glass option, higher fidelity speakers, and...

Apple Believes This German Cycling Path Logo Infringes on Its Own Logo

Wednesday May 1, 2019 9:51 am PDT by
Apple recently objected to the logo of a new German cycling path in an appeal filed with the German Patent and Trademark Office, according to German outlets General-Anzeiger Bonn and Westdeutscher Rundfunk. Apple reportedly takes issue with the logo's green leaf and supposed "bitten" right side, attributes the company believes are too similar to its own logo. The logo, registered with the ...

Apple Seeds First Public Beta of watchOS 7 to Public Beta Testers

Monday August 10, 2020 10:33 am PDT by
Apple today seeded the first public beta of an upcoming watchOS 7 update to public beta testers, one week after seeding the fourth beta to developers and a month and a half after the Worldwide Developers Conference. The update can be downloaded after installing the proper profile from Apple's Public Beta website. watchOS 7 should not be installed on a primary device as it is still an early...

Apple Watch Likely to Adopt MicroLED Display Technology in 3-4 Years

Monday August 10, 2020 2:55 am PDT by
This year's Apple Watch Series 6 is expected to feature an OLED screen like previous models, but a future model is likely to be the first Apple product to adopt MicroLED display technology, albeit not for another three to four years. That's the main takeaway reading between the lines of comments made by the chairman of Epistar, Taiwan's top LED producer, which is reportedly working on a...

Apple Seeds iOS 14 and iPadOS 14 Public Beta 4 to Testers

Thursday August 6, 2020 10:05 am PDT by
Apple today seeded new public betas of upcoming iOS 14 and iPadOS 14 updates to its public beta testing group. Today's software releases, which Apple labels as fourth betas to keep them in line with developer betas, are actually the third betas that Apple has provided and they come two weeks after the prior beta releases. Public beta testers who have signed up for Apple's beta testing...