Charging the Apple Bull

The coming 'California Streaming'  event is likely to bring wild excitement and exuberance to $Apple (AAPL.US)$ fans and investors. The most widely anticipated product will be its iPhone 13, which is tipped to be launched with a more robust camera system, an improved MagSafe Charger, better batteries and even the possibility of a satellite connectivity feature that would provide connectivity without cellular coverage. There are hints of design enhancements for Apple Watch Series 7, likely with a bigger screen, flatter edges, a new chip and possibly an upgrade for the processor. AirPods 3, likely to be launched as well, is rumoured to have an AirPods Pro-like design without the active noise-cancelling features of the Pros and equipped with a higher capacity battery charging case. There is also speculation of a barrage of new streaming content that takes direct aim at $Amazon (AMZN.US)$, $Netflix (NFLX.US)$, $Roku Inc (ROKU.US)$, $Disney (DIS.US)$.The outlook for $Apple (AAPL.US)$ should remain bullish. While $Apple (AAPL.US)$ is set to face challenging year-over-year comparisons in terms of sales and operating profits and increasing regulatory headwinds, the long term growth opportunity together with the company's strong profitability and healthy cashflow make it a very attractive long term investment. Multiple catalysts could trigger the upside on several aspects of its business and financials that include technology leadership, growth in the installed base and transformation of the company to services, all of which could boost its earnings growth. High expectations from its upcoming product launches prior to the Apple event have already sent $Apple (AAPL.US)$ stock price soaring to its historical highs. $Apple (AAPL.US)$, together with $Microsoft (MSFT.US)$, $Amazon (AMZN.US)$, $Meta Platforms (FB.US)$, $Alphabet-A (GOOGL.US)$ today make up a record chunk of the $S&P 500 Index (.SPX.US)$. Even in the event of a market slowdown or the stock price falling from its all-time highs, buying opportunity will present itself for patient investors with a long term outlook.
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