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

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

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37 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
Rating: 2 Votes
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37 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:

[MEDIA=youtube]RWzRKxhpPA0[/MEDIA]
Rating: 2 Votes
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