an apple recently hit a new high after
the announcement of the iPhone 8 event
what does Apple need you for that to
keep the momentum up after the event and
after the launch of the phone yeah I
mean it's gonna be hard right and we've
had a strong my opinion on Apple for
some time I remember a little bit more
than a year ago this was a stock that
was in the low 90s and now we're I think
over a hundred and sixty dollars a share
so it's been kind of tough to some
extent a year ago thinking about where
the price was but again we've seen the
appreciation and the shares in part
because Apple seems to be delivering in
terms of how they're gaining market
share the new iPhone that is expected to
be introduced I think really within a
week or so and I think people are very
excited about that frankly sometimes we
do see a sell on the news kind of impact
and that's something that folks need to
be aware of especially given the fact
that the stock is at all-time highs
right now however I think it's pretty
clear that a major growth driver beyond
just the new iPhone is gonna be the
services business which I think
contributed more than a fifth of the
company's revenue in the recent quarter
and that's something that we think has
legs in terms of a growth story for the
company for years to come
so it's gonna be really interesting to
see what the new iPhone consists of and
a lot of news has been made about
augmented reality and about wireless
charging and things like that and I
think a lot of that is already priced
into the stock it's amazing you know if
you go back five years there really was
very little in terms of certainty about
what Apple would announce at these
events now I think there's really not a
lot of mystery and so I think that's
going to contribute to maybe a sell on
the news and maybe an additional buying
opportunity
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